Mexico and the Sexenio Curse : Presidential Successions and Economic Crises in Modern Mexico

by Heath, Jonathan; Weintraub, Sidney

• ISBN13: 9780892063574
• ISBN10: 0892063572
• Format: Paperback
• Copyright: 1999-10-01
• Publisher: Rowman & Littlefield Pub Inc

Table of Contents

Foreword	vii
Prologue	xii
Preface	xv
Definition of a Crisis	1	(16)
Building a Precise Definition	3	(3)
Identifying Crises	6	(2)
The Fallout of Crises	8	(2)
The Political Element	10	(2)
Policy Reaction	12	(5)
Mexico's Recurring Crises	17	(15)
The Beginning of the Sexenio Crises	17	(2)
The End of the Fixed Exchange Rate	19	(1)
The International Financial Crisis of 1982	20	(3)
The Devaluation of 1985	23	(2)
The 1986 Oil Shock and the Baker Plan	25	(2)
The 1987 Devaluation and the Stabilization Plan	27	(2)
The 1988 Elections	29	(3)
The Sexenio Of The Washington Consensus And The Peso Crash	32	(19)
The Making of a Vulnerable Economy: 1989-1993	34	(5)
1994: Shocks and Policy Response	39	(4)
The December Errors	43	(3)
Conclusion: Causes of the Sexenio Crises	46	(5)
The Sexenio Of Ernesto Zedillo	51	(12)
The First Three Years: From Crisis Management to Growth	51	(3)
Economic Policy and Avoiding Another Sexenio Crisis	54	(4)
Dealing with External Shocks	58	(5)
The Current Strategy: An Assessment	63	(25)
A Six-Point Plan	63	(17)
The Banking System and Politics	80	(8)
Can Mexico Avoid a Crisis In The Year 2000?	88	(19)
Past Causes of Crises Not Covered by the Government's Policies	88	(10)
New Factors That Could Cause a Crisis	98	(3)
Can Mexico Avoid a Crisis? Conclusions	101	(6)
Bibliography	107	(12)
Index	119