Great Financial Crises, Part 11: The Mexican Peso Crisis (1994)
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 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.