Doğuş Üniversitesi Dergisi

Yazarlar: Mete FERİDUN

Konular:-

Anahtar Kelimeler:Mexican Peso Crisis,Financial Crises,Probit Model

Özet: This article aims at identifying the factors behind the Mexican Peso Crisis of 1994-1995 through building a probit model incorporating 20 monthly macroeconomic, political, and financial sector variables from 1970:1 - 1995:1. As a result of the probit regressions, strong evidence emerges that the significant variables are political instability, foreign exchange reserves, domestic credit/GDP, lending and deposit rate spread, national savings, and foreign direct investment/GDP. Evidence further indicates that the signs of the variables are mostly in line with our expectations, with the exception of inflation, bank reserves/bank assets, export growth, and lending and deposit rate spread.

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