1994 Mexican Currency Crisis

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Title: 1994 Mexican Currency Crisis
 
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Subject: Business
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Date: February 14, 1998
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Before 1993, Mexico had been through a period of widespread deregulation and privatisation of its economy. Mexico had reduced tariffs on imported goods and had achieved inflation rate stability due to a fixed exchange rate - characteristics similar to Chile prior to their financial crisis of 1981 (Williamson, 1995)...
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Following the withdrawal of US$4.5 billion in foreign reserves on 22 December, the Bank of Mexico unsuccessfully offered $600 million in Government bonds, known as Tesobonos, of which it received only $28 million in bids tendered (Sachs, Tornell, Velasco, 1996)...
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Common topics in this essay:
 
1994 Mexican Currency Crisis   Chaos In The Currency Markets : Currency Crisis Of The Ems   How Did The Appreciation Of The U.S Dollar And Depreciation Of The Yuan Affect The Timing And Magnitude Of The Asian Currency Crisis?   Mexican Peso Crisis   Mexican economy   Mexico Economy   Soros And The European Currency Crisis   south-east asian currency crisis   TEQUILA SENOR : THE MEXICAN PESO CRISIS   The Effects of Deregulation on Global Economy   Mexican Economy   Mexico's Economy An Politics In 19th Century   Mexico's Economy An Politics In 19th Century   The Role Of Decision Making In The Pre-crisis Period Of India (15 Marc   Economy Of Mexico  
 
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