The Baring Crisis in a Mexican Mirror
Conventional wisdom has it that the Mexican crisis of 1994-95 was "the first financial crisis of the 21st century." In this paper I argue that it may be better understood as the last financial crisis of the 19th. The crisis in Mexico exhibits striking similarities to the Baring Crisis of 1890, an event that did much to shape modern opinion about the causes and consequences of financial crises and the role for official management.
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- Jeffrey Sachs & Aaron Tornell & Andres Velasco, 1995.
"The Collapse of the Mexican Peso: What Have We Learned?,"
Harvard Institute of Economic Research Working Papers
1724, Harvard - Institute of Economic Research.
- Sachs, Jeffrey & Tornell, Aaron & Velasco, Andres, 1995. "The Collapse of the Mexican Peso: What Have We Learned?," Working Papers 95-22, C.V. Starr Center for Applied Economics, New York University.
- Jeffrey Sachs & Aaron Tornell & Andres Velasco, 1995. "The Collapse of the Mexican Peso: What Have We Learned?," NBER Working Papers 5142, National Bureau of Economic Research, Inc.
- Harley, C. Knick, 1982. "Oligopoly Agreement and the Timing of American Railroad Construction," The Journal of Economic History, Cambridge University Press, vol. 42(04), pages 797-823, December.
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