Mexican Economic Crisis, December 1994
Reviews and Summaries
Sachs, Tornell, and Velasco
: "The Real Story"
Williamson
: "Causes and Consequences"
Calvo: Two Key Pictures
Bonds and Reserves
Death Foretold
Facts and Background Topics
Notable Quote
A Short Macroeconomic History of Mexico
Investment and Consumption
Expansion of Net Domestic Credit
The Exchange Rate Collapse
Current Account Deficit
Real Exchange Rate Appreciation
The "Sovereign Ceiling" Rule
Shift to Dollar-Denominated Public Debt
Large Amount of Foreign Portfolio Investment
Rise in U.S. Interest Rates
Effect of Mexican Crisis on Interest Rates
Politics and Public Life
The Mexican Economic Rescue Program
Statistical Tables
Current Statistics from the Bank of Mexico
Historical Statistical Tables (IDB)
Further References
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