Mario Draghi: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament Introductory statement by Mr Mario Draghi, President of the European Central Bank, for the Hearing at the Committee on Economic and Monetary Affairs of the European Parliament, Brussels, 16 December 2013.
The 1970s through the mid-1990s in particular were marked by episodes of high inflation, boom-and-bust cycles, and financial crises. Indeed, shortly after the new Bank of Mexico law went into effect in April 1994, the Mexican economy entered the throes of the socalled peso crisis.