The Latest IMF-Sponsored Stabilization Program
Does It Represent a Long-Term Solution for Mexico's Economy
Bibliographic Data
| ID | 4547804 |
|---|---|
| Authors | Miguel D Ramírez (Trinity College, corresponding author) |
| Year | 1996 |
| Volume | 38 |
| Issue | 4 |
| Pages | 129-156 |
| Publication date | 1996-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Interamerican Studies and World Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0022-1937 • E-ISSN: 2162-2736 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.2307/166261 |
| OpenAlex | W4232105069 |
| Language | EN |
| Citations received | 2 |
| References cited | 10 |
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
Currency · Economics · Economy · Float (project management) · Government (linguistics) · Liberian dollar · Management · Monetary economics · Physics · Speculation · Term (time) · Us dollar · Value (mathematics) · Economic Theory and Policy · Finance · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,07 |
| Citation span | 1999 - 2001 (3) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |