The mexican peso crisis : overview and analysis of credibility factors /

This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimat...

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Bibliographic Details
Main Author: Masson, Paul R., 1946-
Other Authors: Agénor, Pierre-Richard, 1957-
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 1996
Series:IMF working paper ; 96/6
Subjects:

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