search query: @indexterm BORROWING / total: 136
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| Author: | |
| Title: | Why Mexico needs reform |
| Journal: | Euromoney
1995 : JAN, p. 59-70 |
| Index terms: | MEXICO CAPITAL MARKETS BORROWING |
| Language: | eng |
| Abstract: | Mexican borrowers face more competition in the post-Nafta era. The government is therefore keen to foster a more efficient peso capital market. In 1994 there wer wild fluctuations in the cost of funds for Mexican corporates. The benchmark interbank lending rate TIIP (Tasa de Interes Interbancario Promedio) stood at 10% in February, rose to over 23% in April, and was 16% in November. Companies with dollar-denominated debt have been hard hit by the collapse of the peso. |
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