When it comes to the U.S. Federal Reserve's tapering of its bond-buying program, Carstens said, "We are well prepared for it."
"As unconventional monetary policy starts to normalize, I think markets will start to discriminate more among asset classes like emerging markets," he said. "They will make more differentiation. So what you want is to be able to stand out and be considered a good risk."
Carstens added that the reforms taking place in Mexico will be seen as a key risk reducer and will offset concerns about tapering.
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Compared with his Indian counterpart Raghuram Rajan, who recently criticized a lack of coordination by the U.S. Federal Reserve on the taper, Carstens was less critical.
"Given that countries are on different business and financial cycles, it might just be the case where it's very difficult to make compatible the objectives of an important country like the U.S. with the (objectives) of the others," he said. "At the end of the day, we all in the central banking community would like to cooperate and coordinate, but there are limits to that."
He pointed to a quote from well-known American economist Anna Schwartz, who said that "policy coordination is a fair weather phenomenon."