Mexican Peso Crisis and the Peso Float (1994-1995)

1. NAFTA takes effect, boosting capital inflows

   Jan 1, 1994Labels: NAFTA, Mexico

   • Britannica

2. Political violence shakes investor confidence

   Mar 23, 1994Labels: Luis Colosio, PRI

   • Britannica

3. Zedillo assumes presidency amid rising pressures

   Dec 1, 1994Labels: Ernesto Zedillo, Mexico

   • Britannica

4. Mexico widens the peso’s trading band

   Dec 20, 1994Labels: Peso band, Bank of

   • ScienceDirect
   • UPI

5. Mexico lets the peso float freely

   Dec 22, 1994Labels: Peso float, Mexico

   • ScienceDirect
   • UPI

6. Tesobono refinancing fears deepen the crisis

   Dec 28, 1994Labels: Tesobonos, Mexican debt

   • UPI

7. U.S. invokes emergency authority to support Mexico

   Jan 31, 1995Labels: U S, Exchange Stabilization

   • Congress gov

8. IMF approves a large Stand-By Arrangement

   Feb 1, 1995Labels: IMF, Stand-By Arrangement

   • IMF

9. U.S.–Mexico financial agreements are signed

   Feb 21, 1995Labels: U S, Treasury

   • Congress gov

10. Mexico raises VAT as part of austerity

    Mar 18, 1995Labels: VAT increase, Mexico Congress

    • UPI
    • Fed

11. New transparency rules enacted for U.S. support

    Apr 10, 1995Labels: Mexican Debt, U S

    • Wiki

12. Mexico fully repays U.S. emergency loans

    Jan 22, 1997Labels: Loan repayment, Mexico

    • LADB