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Argument: No true success was achieved in the Mexico peso crisis

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Supporting quotations

"A Retrospective on the Mexican Bailout", The Cato Institute, Winter 2002 "Proponents of those views rarely mention the high costs of the IMF’s intervention to ordinary Mexicans, and they downplay the cost—namely in the form of moral hazard—to the world economy. More importantly, policymakers have never seriously considered market-oriented alternatives to official bailouts in Mexico or elsewhere, yet the evidence strongly suggests that market solutions offer greater benefits and lower costs."

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