León Hoyos, Manuel - 2021
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 …