The Baring Crisis in a Mexican Mirror

Barry Eichengreen ()

No 1031, Center for International and Development Economics Research, Working Paper Series from Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley

Abstract: Conventional wisdom has it that the Mexican crisis of 1994-95 was "the first financial crisis of the 21st century." In this paper I argue that it may be better understood as the last financial crisis of the 19th. The crisis in Mexico exhibits striking similarities to the Baring Crisis of 1890, an event that did much to shape modern opinion about the causes and consequences of financial crises and the role for official management.

Keywords: Baring Crisis; Mexico; Argentina; foreign investment; international economics (search for similar items in EconPapers)
Date: 1997-02-01
Note: oai:cdlib1:iber/cider-1031
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Related works:
Working Paper: The Baring Crisis in a Mexican Mirror (1998)
Working Paper: The Baring Crisis in a Mexican Mirror (1997)
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Persistent link: http://EconPapers.repec.org/RePEc:cdl:ciders:1031

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