Sovereign debt crisis in Mexico: State enterprises, banks and international relations, 1970-1990
Keywords:
Mexico, crisis, finance, sovereign debt, international banks, state enterprisesAbstract
In order to understand the causes and consequences of a sovereign debt crisis, the present essay suggests the usefulness of a study in contrasts of the role of state enterprises and international banks operating in Mexico during the loan boom of 1970-1982 and later during the debt renegotiations between 1982 and 1989. In both cases, open competition in markets in the 1970s was followed by a very different situation in the 1980s: the hundreds of lender banks then formed strong coalitions with the support of international financial organizations and the government of the United States; on the other hand Mexican debtors — whether public or private — tended to be placed under the umbrella of the government, with the result that they lost individual initiative and were subject to the rigors of the restructuring agreements negotiated by the government with the international banks.Downloads
Downloads
Issue
Section
License
Copyright (c) 2016 Carlos Marichal
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors whose contributions are accepted for publication in this journal, accept the following terms:
a. The authors retain their copyright and guarantee to the magazine the right of first publication of their work, which will be simultaneously subject to the Creative Commons Attribution License Attribution-Noncommercial-No derivative works 4.0 Spain, which allows third parties to share the work as long as its author and its first publication is indicated.
b. Authors may adopt other non-exclusive license agreements to distribute the version of the published work (e.g. deposit in an institutional repository or archive, or published in a monographic volume) provided the initial publication in this journal is indicated.
PLAGIARISM AND SCIENTIFIC FRAUD
The publication of work that infringes on intellectual property rights is the sole responsibility of the authors, including any conflicts that may occur regarding infringement of copyright. This includes, most importantly, conflicts related to the commission of plagiarism and/or scientific fraud.
Plagiarism is understood to include:
1. Presenting the work of others as your own.
2. Adopting words or ideas from other authors without due recognition.
3. Not using quotation marks or another distinctive format to distinguish literal quotations.
4. Giving incorrect information about the true source of a citation.
5. The paraphrasing of a source without mentioning the source.
6. Excessive paraphrasing, even if the source is mentioned.
Practices constituting scientific fraud are as follows:
1. Fabrication, falsification or omission of data and plagiarism.
2. Duplicate publication.
3. Conflicts of authorship.
