Also known as "Mexican Shock", this informal term refers to the effects on South American markets arising from the Mexican economic crisis of 1994. This crisis was caused by an unexpected devaluation of the peso, and caused several South American currencies to be devalued as well.
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Informal name given to the impact of the 1994 Mexican economic crisis on the South American economy. The Tequila Effect occurred because of a sudden ...
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... peso in December 1994. The impact of the Mexican economic crisis on the Southern Cone and Brazil was labeled the "Tequila effect" (Spanish: efecto tequila) ...
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Nov 16, 2012 ... The Mood of the Mexicans: the Tequila effect. In Mexico, when we are with family or friends - and usually with tequila in hand - discussing ...
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Definition of tequila effect: Also known as Mexican Shock, this informal term refers to the effects on South American markets arising from the Mexican economic ...
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