Following a year in which repeated political turmoil sapped investor confidence in Mexico, putting pressure on the peso …. The resulting collapse of the peso left Mexico with $40 billion to $50 billion in external debt (much of it dollar …-indexed) coming due in the near term and almost no foreign exchange reserves. Faced with the prospect that Mexico would either default …

In December 1994, Mexico entered a financial crisis. The government abandoned its crawling peg exchange rate policy … the debentures, however, they had to maintain these cash proceeds at the Bank of Mexico. On March 31, 1995, six banks were … recapitalized, including Serfin, Inverlat, and Bital—the third-, fourth-, and fifth-largest banks in Mexico. The overall amount of …

argue that the socialization of financial risk in Mexico rests on distinctively class-based material and institutional … financial accumulation in Mexico. …

We study the severe credit crunch of finance companies (SOFOLES) in Mexico using firm-level data between 2001 and 2011 … the lending contraction during the recent financial crisis in Mexico (2008-2009). The cutback in funding explains 12 …