Chapter 43

Mexican Financial Crisis of 1994–1995

A. Musacchio*,

*Harvard Business School, Boston, MA, USA

NBER, Cambridge, MA, USA


The Mexican financial crisis of 1994–95, also known as the ‘Tequila Crisis,’ refers to the crisis that started after Mexico’s devaluation of the peso in December 1994. It precipitated the worst banking crisis in Mexican history (1995–97), the largest depreciation ...

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