Tequila and Tesobonos: Mexico 1995

Onno Beaufort Wijnholds

Chapter 1 in Fighting Financial Fires, 2011, pp 11-24 from Palgrave Macmillan

Abstract: Abstract For almost a decade, beginning in late 1994, a large number of emerging market countries suffered violent economic convulsions that led to IMF rescue operations of an unprecedented magnitude. This series of crises was certainly not expected when I took up my position on the Fund’s Executive Board on November 1, 1994. Two months later the Mexican crisis erupted, starting an era of crisis management by the IMF that constituted the most challenging time in its by then fifty-year history.

Keywords: Banking System; Moral Hazard; Early Warning System; European Central Banker; Loan Guarantee (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-35420-3_2

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DOI: 10.1057/9780230354203_2

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