Economics, Econometrics and Finance
4 years ago

Mexican Crisis of 1994 Led to Increased Debt and Export Growth

Firm Dynamics, Investment, and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994
Sangeeta Pratap, Carlos Urrutia

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The article examines how the 1994 Mexican crisis affected firms' debt, exports, and investment. Firms in Mexico faced uncertainty in exchange rates and borrowed money from foreign lenders to invest. The crisis led to higher debt levels, increased exports, and a significant drop in investment due to the depreciation of the real exchange rate.