... countries and then examines the available data for activities that are theoretically possible avenues for the international transmission of economic events, including trade and investment. Mexican wages, banking, and government debt levels are also examined for signs of stress. We conclude that the US panic...

... initiatives to stimulate growth while protecting the banking system from speculation and uncertainty. The claims are based on a careful examination of the politics and the political economy of financial reforms undertaken in the 1890s by the Porfirian government. The essay shows that the Mexican government...