A Study of the Less-Developed-Countries Debt Crisis in Mexico and Subsequent Economic Policies
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Authors
Moffett, Samuel A.
Subjects
Mexico
Mexican
Economy
LDC debt crisis
Peso crisis
Tequila Hangover
Mexican
Economy
LDC debt crisis
Peso crisis
Tequila Hangover
Advisors
Looney, Robert
Date of Issue
2012-09
Date
Sep-12
Publisher
Monterey, California. Naval Postgraduate School
Language
Abstract
On 11 August, 1982, the Finance Minister of Mexico, Silvia Herzog informed the International Monetary Fund that Mexico was unable to meet its principle payments to its major creditors. The economic crisis that ensued affected not just Mexico but the entire free market system. It marked a fundamental shift in development economics and altered the economic systems in all but four Latin American countries. Since the onset of the 1982 LessDevelopedCountries (LDC) debt crisis, Mexico has suffered through numerous economic crises further restraining their potential for economic growth. This thesis examines the historical background leading to the onset of the 1983 LDC debt crisis and the economic policies that the Mexican government and the international community enacted to economically recover.
Type
Thesis
Description
Series/Report No
Department
Security Studies
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.