Case Study Mexican Peso Crisis, 1994
By Michelle Graham,2014-10-07 01:33
Case Study: Mexican Peso Crisis, 1994
From 1954 to 1976, Mexico had maintained a fixed exchange rate of Ps12.50/$.
Even after the collapse of the Bretton Woods fixed exchange rate system in
1971/73, Mexico was able to hold this fixed rate.
Although the Mexican economy experienced rapid growth during most of the
1970s, it was progressively undermined by fiscal mismanage..