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Mexico's Banking Crisis: Devaluation and Asset Concentration Effects

Caprio, Gerard Jr. et al.
NYU Faculty Digital Archive · Papers
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multidisciplinary
The sharp 1994-1995 Mexican peso devaluation was followed by a financial-sector crisis, forcing the Mexican government to retake control of several banks and to grant substantial assistance to many other banks. This paper uses daily stock price data to test several hypotheses concerning the impact o
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