1994 economic crisis in Mexico

Petroşani, Economics, 9(2), 2009, 173-184 173 THE IMPACT OF EFFECTIVE CREDIT RISK MANAGEMENT ON BANK SURVIVAL * KOSMAS NJANIKE ABSTRACT: A number of financial institutions have collapsed or experienced financial problems due to inefficient credit risk management systems. The study seeks to evaluate the extent to which failure to effectively manage credit risk led to Zimbabwe’s banks’ demise in 2003/2004 bank crisis. It also seeks to establish other factors that led to the banking crisis and to outline

The three relatively unpopular governments presently enthroned in Washington, Ottawa and Mexico City, joined in very large companies, most of them American, to establish the foundation for a future North American Union. This is a new alliance of permanent type within which the Americans have a de facto predominant influence. It would force Canada and Mexico to harmonize many laws and regulations in the interests of the world of "Big Business" and those of US administrations primarily concerned with

North American Free Trade Agreement (NAFTA) The North American Free Trade Agreement was formed on January 1, 1994 with the final provisions being fully implemented as of January 1, 2008. The agreement is meant to eliminate a majority of the trade barriers, as well as invest in the three member nations: Canada, Mexico, and the United States. NAFTA is viewed as one of the most successful trade agreements in history and has helped provide increases in agricultural trade, as well as investments

was thrown into sharp relief in the wake of the 2008 credit crisis (Bernanke 2013). However, as detailed by Caramazza, Ricci & Salgado (2004), the dangers of financial interconnectedness were also manifested during the regional financial tsunamis that overtook East Asia, Mexico, and Russia in the 1990s. The authors refer to the phenomena as financial contagion. The Mexican crisis of 1994 95; the Asian crisis of 1997; and the Russian crisis of 1998 in all have the same root causes. Specifically, the

When the words kidnappings, torture, and beheadings, places that come to mind are Syria, Iraq, and Afghanistan. But there is a north-american country, much closer, that is surging in the amount of violent crimes like those aforementioned: Mexico. Despite being widely known as a place for spring-breakers to have parties or for families to enjoy the warm summer weather, in recent years, Mexico’s crime and violence has gotten worse, with 40,000 lives taken since 2006. Even Acapulco, Mexico’s most famous

Introduction The North American Free Trade Agreement, commonly known as the NAFTA, is a trade agreement between the United States, Canada and Mexico launched to enable North America to become more competitive in the global marketplace (Amadeo, 2011). The NAFTA is regarded as “one of the most successful trade agreements in history” for its impact on increases in agricultural trade and investment among the three contracting nations (North American Free Trade Agreement, 2011). Supporters and opponents

and went into effect in 1994 in order to eliminate tariffs over and to turn the United States, Mexico and Canada into the world’s second largest trading bloc after the European Union. Many people from Mexico believed that the trade agreement would undercut Mexican farmers with cheap U.S. food imports and worsen the inequality between the two countries. A struggling Mexican economy received an initial boost from foreign investment related to NAFTA. But the economic crisis was caused in part by the

As was laid out in the previous section, the United-States always had a ‘hegemonic presumption’, the conception that Latin America was inferior, a supposition that gave the right to Washington to intervene in the region’s political and economic affairs (LeoGrande, 2007:384). This second chapter will explore how the U.S. intervened in Latin America, more specifically after the World War II. Indeed, the U.S. benefitted greatly from the aftermath of the war. A subsection will be dedicated to the Pink

The Rise of Mexican Corn Production in the Face of Cheap Imports Mexico has completed sweeping changes in its economy and trade relations with the rest of the world. NAFTA is both a symbol and a means to insure the changes remain permanent. Mexico had hoped to generate economic growth through increasing trade with the United States. Economists expect there will be winners and losers when trade develops. Corn producers were expected to be one of the losing sectors. The NAFTA agreement was

Impact of the Asian Financial Crisis in 1997 and effect to Latin America Name: Institution: Date: Abstract In 1997, the Asian Financial Crisis spread rapidly all over the Asia and affected almost all the economies in the world. Prior to the Asian Financial Crisis, the Asian countries such as Thailand, Malaysia, South Korea, Indonesia, Hong Kong and Singapore experienced a remarkable growth in the economy that was considered the highest in the world. These Asian economies increased by a notable