Journal Article

The Mexican peso crisis: implications for international finance

Abstract: The Mexican peso crisis has raised legitimate questions about Mexican economic policies before and during the events of December 1994 and January 1995, but its propagation through international financial markets has also pointed to broader questions about those markets. This article considers the international financial implications of the peso crisis from three perspectives: the creditors and their markets, the countries receiving large capital inflows, and the functioning of the international financial system.

Keywords: Mexico; Financial crises - Mexico; Devaluation of currency; Peso, Mexican;

JEL Classification: F31;

https://doi.org/10.17016/bulletin.1996.82-3

Bibliographic Information

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

Part of Series: Federal Reserve Bulletin

Publication Date: 1996-03

Volume: 82

Issue: Mar