Titlebook: Latin American Debt and the Adjustment Crisis; Rosemary Thorp (Fellow, Lecturer),Laurence Whitehe Book 1987 Rosemary Thorp and Laurence Wh

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Introduction,inety-day moratorium on repayment of the principal due on its external public debt. Soon the moratorium was extended into 1983, and Mexico was forced into a series of drastic remedial measures: severe devaluation, unprecedented exchange controls, an ‘unthinkable’ nationalisation of the private banks

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Long-run Adjustment, the Debt Crisis and the Changing Role of Stabilisation Policies in the Recent or a help when we evaluate their long-run consequences for economic development depends on the interplay of the conflicting forces of stabilisation policies enacted to correct the balance of payments or control inflationary pressures and the structural policies adopted to adjust the long-run path of

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Mexico from the Oil Boom to the Debt Crisis: an Analysis of Policy Responses to External Shocks, 19 1983 onwards, the country whose adjustment to it was increasingly seen, by international organisations and banks (more than by the Mexican government itself) as a demonstration of how to get out of the crisis. This chapter is very critical of these optimistic views on Mexico’s adjustment process. I

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