Mexico on an upswing

Much has changed since Mexico was in the throes of a devastating currency crisis just a decade ago. The current central bank governor, Guillermo Ortiz Martinez, who became finance minister after the peso was devalued in late 1994, was instrumental in engineering a remarkably rapid recovery, backed by a $50 billion bailout by the IMF and the American Treasury. The successes engendered by a shift to a floating exchange rate regime, the introduction of inflation targetting and keeping the public

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