This article documents a delay in the public release of Mexican international reserve data in the months before Mexico …'s debt crisis at the end of 1994. The article establishes that in that year investors did not know the level of Mexican … reserves before October; yet this lack of information did not seem to reduce investor confidence in the Mexican economy. The …

devaluation of the peso inevitable, considering particularly Mexico's policy actions during 1994-as well as options Mexico did not …Hoping to avoid an economic slowdown during 1994, Mexico tried to maintain its quasi-pegged exchange rate while … occurred if monetary policy had been tightened. ; The author of this article asks whether Mexican policy mistakes made …

the vulnerability of the Mexican financial system to swings in expectations and investor confidence. ; In their view, the … Mexican financial crisis was an expectations-driven liquidity crisis that shares many similarities with the financial panics … that afflicted the U.S. economy during the late nineteenth century. The immediate cause of the Mexican crisis was political …

between the expected rate of Mexican peso depreciation and the ratio of Mexdollars to peso denominated demand deposits … (ii) the conventional positive relationship between expected peso depreciation and dollarization. The first result … suggests an additional factor influencing money demand in Mexico. The second result is evidence against my convertibility risk …