Continuing our series of articles addressing historical sovereign debt crises, we turn to consider the US response to its Mexican neighbour’s travails in 1994 - a situation in which American political commitment to the rescue package proved critical to its success.

In the second of our series on sovereign debt crises, we look at the US response to its Mexican neighbour’s travails in 1994 – where political commitment proved to be crucial

Sebastian Walsh

Societe Generale

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A history of debt defaults: Mexico 1994

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