Mexico: Anatomy of a Debt Crisis

Menachem Katz

Chapter 28 in Economic Development and World Debt, 1989, pp 369-382 from Palgrave Macmillan

Abstract: Abstract In August 1982, the Government of Mexico announced that it could no longer honour the country’s foreign debt obligations and would need emergency assistance. Within months, fourteen Latin American countries followed suit. This was the beginning of what has come to be known as the ‘debt crisis’ of developing countries.

Keywords: Monetary Policy; Current Account; Budget Deficit; Debt Crisis; External Debt (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20044-3_28

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DOI: 10.1007/978-1-349-20044-3_28

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