Great Financial Crises, Part 15: Argentina's Collapse (2001)
In December 2001, Argentines were barred from withdrawing their savings, riots broke out and the president fled by helicopter. Here is how a dollar peg ended in collapse.
In December 2001, Argentines were barred from withdrawing their savings, riots broke out and the president fled by helicopter. Here is how a dollar peg ended in collapse.
In December 1994, Mexico's peso collapsed by about half within months, just a year after NAFTA began. Here is how the crisis unfolded and how a $50 billion rescue stopped it.
In August 1982, Mexico said it could no longer pay its debts. Within months, much of Latin America was in crisis. Here is how it happened and why it became a "lost decade."