Publications

The Mexican Peso Crisis
Joseph A. Whitt, Jr.
The author of this article asks whether Mexican policy mistakes made devaluation of the peso inevitable, considering particularly Mexico's policy actions during 1994—as well as options Mexico did not take.

The Mexican Economic Crisis: Alternative Views
Marco Espinosa and Steven Russell
This article's principal policy recommendation is for the Mexican government to set up a system of term-graduated multiple reserve requirements for banks ("circuit breakers").