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Essay heading: 1994 Mexican Currency Crisis
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Issue: Business
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Date added: February 14, 1998
No of pages / words: 16 / 4364
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This resulted in the Mexican Government floating the Peso on 22 December 1994 to prevent further depletion of its foreign reserves. Despite this, the downward pressure on the Peso continued as foreign investors sought to realise their investments before further depreciation of the Peso (Hassan, Kilic & Tufte, 2000)...
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These events marked the beginning of the Mexican currency crisis. Main Causes of the Mexican Currency Crisis The unanticipated depreciation of the Peso did not occur as an isolated incident. Many events led to the culmination of the 1994 Mexican crisis of which the Mexican Government played an important role...
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