The Latest IMF-Sponsored Stabilization Program: Does It Represent a Long-Term Solution for Mexico’s Economy?
- 1 January 1996
- journal article
- Published by Cambridge University Press (CUP) in Journal of Interamerican Studies and World Affairs
- Vol. 38 (4) , 129-156
- https://doi.org/10.2307/166261
Abstract
On 20 December 1994, the newly inaugurated government of President Ernesto Zedillo shattered Mexico’s façade of modernity by finding itself, first, forced to devalue the currency by 14% (in real terms), and then, only a few days later and under intense pressure from speculators (sacadolares), to allow the peso to float freely against the dollar. By the end of December, the value of the pesovis-à-visthe dollar had dropped by more than 30%, and the country had lost between $7 and $8 billion in foreign exchange reserves.Keywords
This publication has 9 references indexed in Scilit:
- Desarrollo sustentable sectorial y regional. Un proyecto alternativoProblemas del Desarrollo, 2012
- The Political Economy of Privatization in Mexico, 1983-92Organization, 1995
- Public and Private Investment in Mexico, 1950-90: An Empirical AnalysisSouthern Economic Journal, 1994
- Interest rates, saving, investment and growth in mexico 1960–90: Tests of the financial liberalisation hypothesisThe Journal of Development Studies, 1994
- A review of Chilean privatization experienceThe Quarterly Review of Economics and Finance, 1993
- The Limits of Trade Policy Reform in Developing CountriesJournal of Economic Perspectives, 1992
- MASSIVE DIVESTITURE AND PRIVATIZATION LESSONS FROM CHILEContemporary Economic Policy, 1991
- Hyperinflation in Latin AmericaChallenge, 1989
- Food Policy in MexicoPublished by Cornell University Press ,1987