Category: 1995

The year 1994 was a chaotic one for Latin American financial markets. Rising US interest rates, plunging global bond markets and regional difficulties in countries such as Mexico and Venezuela put a tight clamp on capital flows to the region

The year 1995 promises to be a difficult one for Mexico. Government, banks and corporations now face a number of challenges. Astronomical domestic interest rates and severely restricted capital inflows point to a serious recession in 1995, with effects to be felt throughout the Mexican economy