{"title":"最新的国际货币基金组织赞助的稳定计划:它代表了墨西哥经济的长期解决方案吗?","authors":"Miguel Ramírez","doi":"10.1111/J.1548-2456.1996.TB00005.X","DOIUrl":null,"url":null,"abstract":"On 20 December 1994, the newly inaugurated government of President Ernesto Zedillo shattered Mexico's facade of modernity by finding itself, first, forced to devalue the currency by 14% (in real terms), and then, only a few days later and under intense pressure from speculators (sacadolares), to allow the peso to float freely against the dollar. By the end of December, the value of the peso vis-a-vis the dollar had dropped by more than 30%, and the country had lost between $7 and $8 billion in foreign exchange reserves.","PeriodicalId":81666,"journal":{"name":"Journal of interamerican studies and world affairs","volume":"38 1","pages":"129-156"},"PeriodicalIF":0.0000,"publicationDate":"1996-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/J.1548-2456.1996.TB00005.X","citationCount":"6","resultStr":"{\"title\":\"The Latest IMF‐Sponsored Stabilization Program: Does It Represent a Long‐Term Solution for Mexico's Economy?\",\"authors\":\"Miguel Ramírez\",\"doi\":\"10.1111/J.1548-2456.1996.TB00005.X\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"On 20 December 1994, the newly inaugurated government of President Ernesto Zedillo shattered Mexico's facade of modernity by finding itself, first, forced to devalue the currency by 14% (in real terms), and then, only a few days later and under intense pressure from speculators (sacadolares), to allow the peso to float freely against the dollar. By the end of December, the value of the peso vis-a-vis the dollar had dropped by more than 30%, and the country had lost between $7 and $8 billion in foreign exchange reserves.\",\"PeriodicalId\":81666,\"journal\":{\"name\":\"Journal of interamerican studies and world affairs\",\"volume\":\"38 1\",\"pages\":\"129-156\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1996-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1111/J.1548-2456.1996.TB00005.X\",\"citationCount\":\"6\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of interamerican studies and world affairs\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1111/J.1548-2456.1996.TB00005.X\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of interamerican studies and world affairs","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/J.1548-2456.1996.TB00005.X","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Latest IMF‐Sponsored Stabilization Program: Does It Represent a Long‐Term Solution for Mexico's Economy?
On 20 December 1994, the newly inaugurated government of President Ernesto Zedillo shattered Mexico's facade of modernity by finding itself, first, forced to devalue the currency by 14% (in real terms), and then, only a few days later and under intense pressure from speculators (sacadolares), to allow the peso to float freely against the dollar. By the end of December, the value of the peso vis-a-vis the dollar had dropped by more than 30%, and the country had lost between $7 and $8 billion in foreign exchange reserves.