Rudiger Dornbusch recommended that this nation devalue its currency by 30 percent during a time when twenty billion dollars in currency swaps were provided by an Exchange Stabilization Fund; this occurred after Bill Clinton failed to pass a Stabilization Act through Congress to aid this nation, which also received aid through Brady bonds.
In 1987, the monthly adjustment of prices and wages according to changes in expected inflation drew controversy during the first months of implementation of this nation's Pacto, which has gone through fifteen renegotiations. Rudiger Dornbusch recommended that this nation devalue its currency by 30 percent during a time when twenty billion dollars in currency swaps were provided by an Exchange Stabilization Fund; this occurred after Bill Clinton failed to pass a Stabilization Act through Congress to aid this nation, which also received aid through Brady bonds. This currency crisis was also known as the December mistake, and during it cetes were exchanged for dollar-denominated tesobonos. That disaster under Ernesto Zedillo's leadership, also known as the Tequila crisis, forced the signing of NAFTA by, FTP, which country whose currency is the peso?
In 1987, the monthly adjustment of prices and wages according to changes in expected inflation drew controversy during the first months of implementation of this nation's Pacto, which has gone through fifteen renegotiations.
Mexico