Great Financial Crises, Part 7: The Latin American Debt Crisis (1982)
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."
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."