Lessons from the past: capital markets during the 19th century and the interwar period
- 1 January 1985
- journal article
- the political-economy-of-debt
- Published by Cambridge University Press (CUP) in International Organization
- Vol. 39 (3) , 383-439
- https://doi.org/10.1017/s0020818300019135
Abstract
On Friday, 13 August 1982, Finance Minster Jesus Silva Herzog of Mexico made a series of visits to the International Monetary Fund, the Federal Reserve, and the U.S. Treasury. His message to each was the same: Mexico could no longer continue to service its debt. Thus began a dramatic weekend of negotiations that marked the end of the preceding decade's buoyant expansion of developing country debt and the start of a still continuing response to the sudden collapse.Keywords
This publication has 3 references indexed in Scilit:
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- Realized rates of return on U.K. Home and overseas portfolio investment in the age of high imperialismExplorations in Economic History, 1976
- Some Thoughts on the Nature of Economic ImperialismThe Journal of Economic History, 1961