The Peso Devaluation
Why it happened, what it means for Mexico, Texas, and the United States.
The Mexican government devalued the peso on Dec. 20. Since then, the
country has been in social and economic turmoil; President Ernesto Zedillo
has warned his citizens that 1995 will be hard.
The sharp depreciation of the peso will affect Mexico's imports from the
United States, and Texas exports more goods and services to Mexico that any
other U.S. state. In an attempt to help Mexico shore up its economy, the
United States and international institutions have agreed to lend Mexico $50
billion to stabilize its currency.
Professor Weintraub, a leading expert on U.S.-Mexican economic affairs,
will review the background to the Mexican action, the U.S. and
international reaction, and the economic implications for Mexico, the
United States, and Texas.
March 10, 1995
3 p.m.
Bass Lecture Hall
The LBJ School of Public Affairs
Free and open to the public