1281. As Mexico Imploded: Action and Inaction in the United States
- Author:
- Sidney Weintraub
- Publication Date:
- 07-1997
- Content Type:
- Working Paper
- Institution:
- The North-South Center, University of Miami
- Abstract:
- On December 20, 1994, Mexican financial and monetary authorities raised the band within which the peso was permitted to fluctuate by 15 percent. They expected a short-lived shock, some economic adjustment, and then back to business as usual with a modestly devalued peso. Mexico, after all, had a history of currency devaluations, particularly during the transitions from one administration to another. Beyond that, Mexico was not a world monetary powerhouse and what it did would not normally attract great or sustained international attention.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States, Latin America, and Mexico