Working Paper

The risks and implications of external financial shocks: lessons from Mexico


Abstract: The lessons from the 1994-95 Mexican peso crisis are examined from the perspective of creditors and their markets, countries that are recipients of large capital inflows, and the functioning of the international system as a whole. From each of these perspectives, recent changes in the financial world are sketched, lessons from the Mexican experience are derived, and implications for policies are considered.

Keywords: Financial markets; Mexico;

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File(s): File format is application/pdf http://www.federalreserve.gov/pubs/ifdp/1996/535/ifdp535.pdf

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: International Finance Discussion Papers

Publication Date: 1996

Number: 535