Publication

This report analyzes the Mexican peso crisis and the international response to it. The authors state that the monetary measures the United States and the international community implemented to aid Mexico were unique. The report states that no other country, with perhaps the exception of Canada, could muster such support from the US government, and that the Mexican peso crisis hence was not a bell weather of currency trouble in an emerging economy, or an indicator of how such problems are likely to be handled in the future, but simply an isolated incident.