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Document Type

Article

Abstract

Mexico, not entirely by its own actions, has experienced a devastating increase in foreign debt. The country's history and policy decisions, in conjunction with actions taken by the developed world, have allowed Mexico's debt to escalate. In response, various policies and plans to restructure the debt have been essayed. The Brady Plan, introduced by the United States in 1989, was designed to be an important part of the proposed restructuring process. The failure of this plan to be implemented successfully could affect the United States' banking community, the International Monetary Fund, the World Bank, and the fate of Mexico--as well as the rest of the developing countries experiencing financial difficulties.

Publication Date

1990

Journal Title

Draftings In

Volume

5

Issue

2

First Page

17

Last Page

25

Comments

This issue is also considered v.6 of the initial publication series of Major Themes in Economics.

Copyright

© 1990 by the Board of Student Publications, University of Northern Iowa

Language

en

File Format

application/pdf

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