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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1522 |
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This was the case with Mexican securities. Many Mexican stocks were traded on foreign exchanges, debt was financed with foreign loans, and currency was changing hands all over the world.
The December 20th devaluation of the Peso sent the Bolsa (Mexican Stock Market) plummeting--but things didn’t just stop there...
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Upon opening, other markets began to plummet also. Mexican stocks (i.e. Telephonos de MMexico, Grupo Televiso, Grupo Simek, etc.) traded on foreign stock exchanges began to drag the exchanges lower. Investors fearing that the peso’s devaluation will not only affect Mexican stocks, but the stocks of foreign companies doing business there, began withdrawing billions of dollars out of these stocks (Lane, 16...
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General points of the essay
Mexican American War
Mexican Revolution
Mexican War
Mexican-American War
1994 Mexican Currency Crisis
Mexican Peso
Mexican economy
Mexican Lives
Mexican Muralism
The Mexican War
Australian Economy - Foreign Debt
A Day Without A Mexican
Mexican Music
Mexican Americans
The Sole MExican
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