Lessons from the past: capital markets during the 19th century and the interwar period

Albert Fishlow ()

International Organization, 1985, vol. 39, issue 3, 383-439

Abstract: On Friday, 13 August 1982, Finance Minster Jesus Silva Herzog of Mexico made a series of visits to the International Monetary Fund, the Federal Reserve, and the U.S. Treasury. His message to each was the same: Mexico could no longer continue to service its debt. Thus began a dramatic weekend of negotiations that marked the end of the preceding decade's buoyant expansion of developing country debt and the start of a still continuing response to the sudden collapse.

Date: 1985
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