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Tequila and Tesobonos: Mexico 1995

In: Fighting Financial Fires

Author

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  • Onno Beaufort Wijnholds

Abstract

For almost a decade, beginning in late 1994, a large number of emerging market countries suffered violent economic convulsions that led to IMF rescue operations of an unprecedented magnitude. This series of crises was certainly not expected when I took up my position on the Fund’s Executive Board on November 1, 1994. Two months later the Mexican crisis erupted, starting an era of crisis management by the IMF that constituted the most challenging time in its by then fifty-year history.

Suggested Citation

  • Onno Beaufort Wijnholds, 2011. "Tequila and Tesobonos: Mexico 1995," Palgrave Macmillan Books, in: Fighting Financial Fires, chapter 1, pages 11-24, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-35420-3_2
    DOI: 10.1057/9780230354203_2
    as

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