Covering capital markets, investments & private wealth in Asia. Who are the next billionaires? When is the next IPO? Which are the fastest growing cities? Which company is going bankrupt? Join 14,000+ leading financial professionals, investment managers, professional investors and CEOs. Get the latest data, information, research and many more
The Mexican Peso Crisis of the Mid-1990s
Length: 7 Minutes 27 Seconds
Published on June 1st, 2008
In late 1994, the Mexican government – which had been supporting the peso/US dollar exchange rate began to run out of reserves. Hot money which had poured into Mexico after NAFTA went into effect reversed and the peso rapidly depreciated. The Mexican peso crisis was one of the more prominent currency crises of the 1990s. President Clinton tried to arrange an official loan from the US but Congress balked. He then took unilateral action, both providing funds and organizing similar actions from other countries and institutions. The peso crisis was notable because of the role of the US as the major player; institutions normally involved in such matters – such as the International Monetary Fund (IMF) – were largely in the background. The episode indicates the risks for countries trying to maintain fixed exchange rates without substantial currency reserves.
Credits: Standard You Tube License
For Caproasia Pro Access:
Caproasia.com is the leading financial media platform covering capital markets, investments and private wealth in Asia. Driving $25 trillion of assets in Asia. Join 14,000+ leading financial professionals and professional investors in Asia. Receive exclusive Caproasia newsletter here. Managing $20 million to $300 million? Register here: Financial Professionals. Stay ahead of your peers & competition. Register: Professional Investors | CEOs & Entrepreneurs For press release, email to email@example.com For editorial, media kit, listing on TFC, events, seminars or research & data services, email to firstname.lastname@example.org
Caproasia.com is the leading financial media platform in Asia. Covering capital markets, investments and private wealth in Asia for 10,000 + elite users. Driving $25 trillion of assets in Asia. Our users are rainmakers, dealmakers, risk takers and game-changers. Each manage, advise and invest $20 million to $3 billion of assets in Asia.