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The Mexican peso crisis was a currency crisis in 1994 triggered by the devaluation of the peso against the U.S. dollar, which led to capital flight and a default. The crisis affected Mexico's economy, politics and trade, and was exacerbated by the Zapatista uprising and the assassination of a presidential candidate.
Mexico Crude oil prices from 1861 to 2011. The Latin American debt crisis (Spanish: Crisis de la deuda latinoamericana; Portuguese: Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as La Década Perdida (The Lost Decade), when Latin American countries reached a point where their foreign debt ...
The 2008 financial crisis in the United States had a big impact on the Mexican economy because relations between both countries were close and friendly. Their friendly economic relationship was namely due to NAFTA, which is a free trade agreement in North America between the United States, Mexico, and Canada. [18]
The TED spread, an indicator of perceived credit risk in the general economy, increased significantly during the financial crisis. The TED spread spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008.
Since the colonial era, the economic history of Mexico has been characterized by resource extraction, agriculture, and a relatively underdeveloped industrial sector. . Economic elites in the colonial period were predominantly Spanish-born, active as transatlantic merchants and mine owners, and diversifying their investments with the landed
The country had a positive growth of 1.5% in 2008 compared to a 3.3% in 2007, by 2009 the economy had shrunk by 6.5%, a percentage bigger than that of the 1994-1995 crisis [18] and the largest in almost eight decades and registering an inflation of 3.57% [19]
In 2008, as the economy seemed to be in free-fall, pundits, politicians and the public cast about in search of the ultimate villain, the Wall Street weasel who could assume the blame for massive ...
A financial crisis is a situation in which some financial assets lose a large part of their value. Learn about the causes, effects and examples of different types of financial crises, such as banking crises, currency crises, speculative bubbles and crashes, and international financial crises.