The Banking Crisis in Mexico and the U.S. (slidecast)
7/31/09
In this presentation, CGD senior fellow Liliana Rojas-Suarez compares the most important features of the Mexico’s banking crisis in the mid-1990s and the current crisis in the United States. The presentation reveals large similarities in the causes of the crises. In particular the root cause of both crises can be found in significant regulatory deficiencies in the context of an expansionary monetary policy. When comparing the resolution processes, key similarities between the two crises, especially with respect to political constraints and indecisive policy reactions are also found.
Access the presentation.
