Author
Abstract
[fre] Après plusieurs années d'efforts d'ajustement ayant abouti à la résorption des déficits publics, un niveau bas d'inflation et à la résolution du problème de la dette extérieure, le Mexique a connu en 1995 une importante crise de change liée à la persistance d'un déséquilibre extérieur, la surévaluation du peso et des troubles politiques. L'aide apportée par le FMI a été d'une ampleur exceptionnelle contribuant à redonner confiance à la communauté internationale et limitant les conséquences internationales de la crise. Cette crise est sans doute la première d'un type nouveau, atteignant des économies émergentes dans un contexte de libéralisation des marchés financiers. Ces situations pourront être surmontées par la crédibilité des politiques de redressement, la mobilisation rapide de ressources accrues pour le FMI et un approfondissement de la coopération internationale. [eng] The Mexican financial crisis, its origins, imf's answer and lessons we can draw from it . After several years of adjustment efforts which have resulted in public deficit resorption, low level of inflation and foreign debt control, Mexico has faced in 1995 a major foreign exchange crisis related to the persistence of external unbalance, peso overvaluation and political turmoil. Help provided by IMF has been so exceptional that it has contributed to enhancing the international community's confidence and limiting international repercussions of the crisis. Such a crisis is probably the first one of a new type, affecting emerging economies within the deregulation context of financial markets. These situations will be overcome by recovery policies' credibility, rapid fund raising for the IMF, and international cooperation enhancement.
Suggested Citation
Michel Camdessus, 1995.
"La crise financière mexicaine, ses origines, la réponse du FMI et les enseignements à en tirer,"
Revue d'Économie Financière, Programme National Persée, vol. 33(2), pages 35-45.
Handle:
RePEc:prs:recofi:ecofi_0987-3368_1995_num_33_2_2462
DOI: 10.3406/ecofi.1995.2462
Note: DOI:10.3406/ecofi.1995.2462
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