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dc.contributor.authorMusacchio, Aldo
dc.date.accessioned2012-07-13T13:26:01Z
dc.date.issued2012-07-13
dc.identifier.citationMusacchio, Aldo. "Mexico's Financial Crisis of 1994-1995." Harvard Business School Working Paper, No. 12–101, May 2012.en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:9056792
dc.description.abstractThis paper explains the causes leading to the Mexican crisis of 1994-1995 (known as "The Tequila Crisis"), and its short- and long-term consequences. It argues that excessive enthusiasm on the part of foreign investors, not based on Mexico's fundamentals, and weak regulation of the banking system built the vulnerabilities that left Mexico exposed to a sudden change in investor appetite for Mexican securities in 1994. Political violence in Mexico and changes in monetary policy in the United States then led to radical changes in investor perceptions of the future of the country and to a balance of payments and banking crisis. The paper then explains how the crisis unraveled and describes the US bailout of the Mexican government in 1995. Since the exchange rate crisis of December of 1994 then translated into a banking crisis in 1995, the chapter ends examining the subsequent development of the Mexican banking system.en_US
dc.language.isoen_USen_US
dash.licenseOAP
dc.subjectFinancial crisisen_US
dc.subjectbanking crisisen_US
dc.subjectTequila crisisen_US
dc.subjectMexicoen_US
dc.subjectCarlos Salinas de Gortarien_US
dc.subjectMiguel de la Madriden_US
dc.subjectNAFTAen_US
dc.subjectbank privatizationen_US
dc.subjectforeign bank entryen_US
dc.subjectFOBAPROAen_US
dc.subjectEZLNen_US
dc.subjectbailouten_US
dc.subjectLuis Donaldo Colosioen_US
dc.titleMexico's financial crisis of 1994-1995en_US
dc.description.versionAuthor's Originalen_US
dash.depositing.authorMusacchio, Aldo
dc.date.available2012-07-13T13:26:01Z
dash.contributor.affiliatedMusacchio, Aldo


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