The Mexican Peso Crisis : Overview and Analysis of Credibility Factors /
This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimation...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
1996.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1996/006 |
| On-line přístup: | Full text available on IMF |