Mexican Economic Crisis

From the Paper:

"The globalization of world markets has had a number of positive and negative effects, including the migration of currency fluctuations across borders (The Economist, 1996a). After the collapse of the peso in late 1994, a panic rattled other emerging markets from Brazil to Thailand, sending shocks into these and other vulnerable markets as well. This raises, according to Edwin M. Truman (1996), broad questions about the international institutional and financial environment. On December 20, 1994, the Mexican government announced the devaluation of its currency, surprising financial markets and precipitating the so-called "Mexican peso crisis." The devaluation came after three years during which Mexico had followed an exchange rate policy of maintaining the peso within a well-defined band against the U.S...."

More papers on Mexican Economic Crisis:

• Research Paper # 66156 : "Mexican Economic Crisis"
• Cause and Effect Essay # 92346 : "The Mexican Peso Crisis"
• Research Paper # 112152 : "The Economic Impact of the Mexican Peso Crisis"

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