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Case Study Mexican Peso Crisis, 1994

By Michelle Graham,2014-10-07 01:33
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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..
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