Deja vu all over again: explaining Mexico's 1994 financial crisis

Article Abstract:

The Mexican peso crisis of 1994, which caused the economy some $4 billion in foreign reserves, created numerous speculative attacks on the currency and resulted in a loss of confidence of international investors. The crisis was mainly caused by three factors, including a large influx of foreign capital in the 1990s, poor monetary policies and economic growth due to the elections. However, other problems, such as the series of politically motivated assassinations and uprisings and competition from NAFTA members, also contributed to the problem.

Gross Domestic Product, Police Protection, Political Kidnapping & Murder, Assassination, Political crimes

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The Mexican peso crisis: how much did we know? When did we know it?

Article Abstract:

Examination of the aftermath of the 1994 Mexican peso crisis leaves many questions unanswered on the extent of knowledge Wall Street analysts and the US Treasury had regarding the problem and what steps they could have taken to ease the situation. Analysis of the local situation revealed that the government could have averted further crisis if it desired. However, it gave way to political pressure and over-confidence. The resulting violence and assassinations made worse the situation and caused investor confidence to wane.

Exchange Rates, Currency Stabilization Programs, Currency stabilization

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Debt relief and the current account: An analysis of the HIPC initiative

Article Abstract:

The author examines efforts by the World Bank and the International Monetary Fund to assist in managing large debts of developing countries.

Intnl Economic Policy, Intnl Economic Relations, Developing Countries, Foreign Economic & Financial Assistance, International Monetary Fund, World Bank, Economic assistance, Foreign economic assistance, International economic relations

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