In December 1994, Mexico, a nation considered a model of economic reform and good financial health, was suddenly bankrupt. The purpose of this paper is to discuss in general the main causes of banking distress and crises, and, in particular, the Mexican crisis and its aftershocks in Argentina. It discusses the anatomy of recent episodes of financial distress and crisis. Then it covers the traditional determinants of capital flows, emphasizing profitability...
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INFORMATION
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1997/06/30
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Publication
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17040
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1
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1
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2010/07/01
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Black December : banking instability, the Mexican crisis, and its effect on Argentina
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capital inflow
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