A report published in early January in the Mexico City daily newspaper La Jornada said the flight of Mexican capital to US institutions has increased gradually each year since the devaluation of the peso in December 1994. Mexican deposits in US banks, which totaled US$24.560 billion in 1995, ...
The Mexican government said Wednesday it would provide a liquidity boost to national oil company Petroleos Mexicanos (Pemex) with a 73.5 billion peso (US$4.2 billion) infusion, according to news reports. The company is to receive a capital infusion of 26.5 billion pesos and a credit facility...
it shows that either the complete segmentation of the peso-dollar market or a full integration of both markets are preferable to inter- mediate arrangements that contemplate some form of partial financial liberalization. ∗ Instituto Tecnologico Autonomo de Mexico † Comments welcome 1 Introductio...