The Baring Crisis in a Mexican Mirror

Barry Eichengreen ()

International Trade from EconWPA

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.

JEL-codes: F1 O1 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fmk, nep-ifn and nep-pke
Date: 1998-05-29
Note: 32 pages
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Related works:
Working Paper: The Baring Crisis in a Mexican Mirror (1997)
Working Paper: The Baring Crisis in a Mexican Mirror (1997)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpit:9805001

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