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20/12/1994 Mexico's "tequila crises" begins

7:25

The Mexican Peso Crisis of the Mid-1990s

8:43

Mexico's Tequila Crisis 1994

2:36

How to spot a coming crisis in the Tequila Market?

The Mexican peso crisis was sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar. It was one of the 1st international financial crisis started by capital flight. Foreign investors, who anticipated further currency devaluations began rapidly withdrawing capital from Mexican investments.