Mexico After the Tumble

  • August 3, 1995
  • • Written by: John C. Melaniphy

August 1995, Vol 20, No 2

Abstract: Once the focus of global investors, Mexico stumbled in December 1994, and the peso lost half its value while permitted to float freely against the dollar. Politically stability, the keynote of President Salinas’ administration, was replaced with instability and indecision under the country’s new president, Ernesto Zedillo. This article recounts the events since the late 1994 free-fall and the impact it will have upon Mexican real estate over the next five years.