*How did the Mexican peso crisis differ from the Russian ruble crisis?
The difference between the Mexican peso crisis and the Russian ruble crisis is that the Mexican peso crisis was caused by an act of the government, namely the sudden devaluation of the Mexican peso in 1993. This is also called the "mistake". The effect was a sudden move by the government before the elections to stimulate ...
Solution Summary
This posting compares and contrasts the Mexican Peso crisis with the Russion Ruble crisis. It also explores the role of IMF in these two currency crises.
... of the Thai currency, the baht, started the Asian crisis in June 1997. ... Suppose, for example, that the par value of the Mexican peso is 3,000 pesos for one ...
... by the sudden devaluation of the Mexican peso in December ... 29.wp222.lessons.japan. banking.crisis.199 6 ... org/.../5099.resolution.foreign.exchange.crises.east.asia ...
... the language of money as the peso and plata ... Japan, Thailand, South Korea and prompted crisis and collapse ... first to jump ship in the 1994/5 Mexican crisis. ...
