WEEK 7: Spectacular Screw-ups: The Mexican Peso Crisis

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REQUIRED
  • Andres Oppenheimer, Bordering on Chaos: Guerrillas, Stockbrokers, Politicians, and Mexico's Road to Prosperity (Boston: Little, Brown, and Co., 1996), p. 3-15, 215-34.

  • Manuel Pastor and Carol Wise, "State Policy, Distribution, and Neoliberal Economic Reform in Mexico," Journal of Latin American Studies, May 1997 (29):419-56.

  • Peter Smith, "Political Dimensions of the Peso Crisis," in Sebastian Edwards and Moises Naim, eds., Mexico 1994: Anatomy of an Emerging-Market Crash (Washington, DC: Carnegie Endowment for International Peace, 1997), p. 31-54.

  • Denise Dresser, "Falling from the Tightrope: The Political Economy of the Mexican Crisis," in Sebastian Edwards and Moises Naim, eds., Mexico 1994: Anatomy of an Emerging-Market Crash (Washington, DC: Carnegie Endowment for International Peace, 1997), p. 55-80.

  • Rogelio Ramirez de la O, "The Mexican Peso Crisis and Recession of 1994-95: Preventable Then, Avoidable in the Future," in Riordan Roett, ed., The Mexican Peso Crisis: International Perspectives (Boulder, CO: Lynne Rienner, 1996), p. 11-33.

  • Sebastian Edwards, "The Mexican Peso Crisis: How Much Did We Know? When Did We Know It?" The World Economy, January 1998, 21 (1):1-26.
RECOMMENDED
  • Moises Naim, "Mexico's Larger Story," Foreign Policy, Summer 1995 (99): 112-30.

  • John Williamson, "Mexican Policy toward Foreign Borrowing" and "Comment" by Enrique G. Mendoza in Barry P. Bosworth, Susan M. Collins, and Nora Claudia Lustig, eds., Coming Together: U.S.-Mexican Relations (Washington, D.C.: Brookings, 1997).

  • Jeffrey Frieden, "The Politics of Exchange Rates," in Sebastian Edwards and Moises Naim, eds., Mexico 1994: Anatomy of an Emerging-Market Crash (Washington, DC: Carnegie Endowment for International Peace, 1997), p. 81-94.

  • Luis A. Riveros, "Chile's Structural Adjustment: Relevant Policy Lessons for Latin America," in Albert Berry, ed., Poverty, economic reform & income distribution in Latin America (Boulder, CO: Lynne Rienner, 1998), p. 111-36.

  • Ernest Bartell, "Perceptions by Business Leaders and the Transition to Democracy in Chile," in E. Bartell and Leigh A. Payne, eds., Business and Democracy in Latin America (Pittsburg: University of Pittsburg Press, 1995), p. 49-79.

  • Denise Dresser, "Neopopulist Solutions to Neoliberal Problems" (La Jolla: Center for U.S.-Mexican Studies, 1993).

  • Nora Lustig, Mexico: The Remaking of an Economy (Washington, DC: Brookings, 1998), p. 143-200.

  • Sebastian Edwards and Moises Naim, eds., Mexico 1994: Anatomy of an Emerging-Market Crash (Washington, DC: Carnegie Endowment for International Peace, 1997), p. 95-245.

  • Javier Santiso, "Wall Street and the Mexican Crisis: A Temporal Analysis of Emerging Markets," International Political Science Review, January 1999, 20 (1):49-71.

  • Thomas Kessler, "Political Capital: Mexican Financial Policy under Salinas," World Politics, 1998, 51 (1):36-66.

  • Albert Fishlow, "A Tale of Two Presidents: The Political Economy of Crisis Management," in Alfred Stepan, ed., Democratizing Brazil: Problems of Transition and Consolidation (Oxford: Oxford University Press, 1989).

  • John Williamson, ed., Latin American Adjustment: How Much Has Happened (Washington, DC: Institute for International Economics, 1990), p. 54-84, 95-8 (remarks by Patricio Meller and comments by Vittorio Corbo).
LITERARY OVERLAY
  • Andres Oppenheimer, Bordering on Chaos: Guerrillas, Stockbrokers, Politicians, and Mxico's Road to Prosperity (Boston: Little, Brown, and Co., 1996) [rest of book].
 

The Mexican Peso, former Mexican President Carlos Salinas.

 

 

 

 

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