The authors are uniquely positioned to provide valuable insights on both the Mexican crisis and the metamorphosis in the nature of financial debacles.

This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimation results indicate that investors appear to have seriously underestimated the risk of devaluation, despite early warning signals. The collapse of confidence that followed the December 20 devaluation may have been the result of a shift in the perceived commitment of the authorities to exchange rate stability.

What role did indigenous peoples play in the Spanish conquest of Mexico? Ross Hassig explores this question in Mexico and the Spanish Conquest by incorporating primary accounts from the Indians of Mexico and revisiting the events of the conquest against the backdrop of the Aztec empire, the culture and politics of Mesoamerica, and the military dynamics of both sides. He analyzes the weapons, tactics, and strategies employed by both the Indians and the Spaniards, and concludes that the conquest was less a Spanish victory than it was a victory of Indians over other Indians, which the Spaniards were able to exploit to their own advantage. In this second edition of his classic work, Hassig incorporates new research in the same concise manner that made the original edition so popular and provides further explanations of the actions and motivations of Cortés, Moteuczoma, and other key figures. He also explores their impact on larger events and examines in greater detail Spanish military tactics and strategies.

This volume documents and explains the remarkable resilience of emerging market nations in East Asia and Latin America when faced with the global financial crisis in 2008-2009. Their quick bounceback from the crisis marked a radical departure from the past, such as when the 1982 debt shocks produced a decade-long recession in Latin America or when the Asian financial crisis dramatically slowed those economies in the late 1990s. Why? This volume suggests that these countries' resistance to the initial financial contagion is a tribute to financial-sector reforms undertaken over the past two decades. The rebound itself was a trade-led phenomenon, favoring the countries that had gone the farthest with macroeconomic restructuring and trade reform. Old labels used to describe "neoliberal versus developmentalist" strategies do not accurately capture the foundations of this recovery. These authors argue that policy learning and institutional reforms adopted in response to previous crises prompted policymakers to combine state and market approaches in effectively coping with the global financial crisis. The nations studied include Korea, China, India, Mexico, Argentina, and Brazil, accompanied by Latin American and Asian regional analyses that bring other emerging markets such as Chile and Peru into the picture. The substantial differences among the nations make their shared success even more remarkable and worthy of investigation. And although 2012 saw slowed growth in some emerging market nations, the authors argue this selective slowing suggests the need for deeper structural reforms in some countries, China and India in particular.

In Mexico and across other parts of Latin America local Indigenous peoples have built community policing groups as a means of protection where the state has limited control over, and even complicity in, crime and violence. Luis Hernandez Navarro, a leading Mexican journalist, offers a riveting investigation of these armed self-defense groups that sprang up around the time of the 1994 Zapatista uprising in Chiapas. Available in English for the first time, the book spotlights the intense precarity of everyday life in parts of Mexico. Hernandez Navarro shows how the self-defense response, which now includes wealthier rancher and farmer groups, is being transformed by Mexico's expanding role in the multibillion dollar global drug trade, by foreign corporations' extraction of raw minerals in traditionally Indigenous lands, and by the resulting social changes in local communities. But as Hernandez Navarro acknowledges, self-defense is highly controversial. Community policing may provide citizens with increased agency, but for government officials it can be a dangerous threat to the status quo. Leftists and liberals are wary of how the groups may be linked to paramilitary forces and vulnerable to manipulation by drug traffickers and the government alike. This book answers the urgent call to understand the dangerous complexities of government failures and popular solutions.

Summary: This text offers an analysis of Mexico's struggle for democratic development. Linking Mexico's state to Mexico-US and other international considerations, the authors, collaborating with Emilio Zebadua, offer perspectives from all sides of the border.

Since the 1980s, Mexico has alternately served as a model of structural economic reform and as a cautionary example of the limitations associated with market-led development. This book provides a comprehensive, interdisciplinary assessment of the principal economic and social policies adopted by Mexico during the 1980s and 1990s.

In Memory, Myth, and Time in Mexico, noted Mexican scholar Enrique Florescano’s Memoria mexicana becomes available for the first time in English. A collection of essays tracing the many memories of the past created by different individuals and groups in Mexico, the book addresses the problem of memory and changing ideas of time in the way Mexicans conceive of their history. Original in perspective and broad in scope, ranging from the Aztec concept of the world and history to the ideas of independence, this book should appeal to a wide readership.

During the 1920s and 1930s in Mexico, both intellectuals and government officials promoted ethnic diversity while attempting to overcome the stigma of race in Mexican society. Programs such as the Indigenista movement represented their efforts to redeem the Revolution's promise of a more democratic future for all citizens. This book explores three decades of efforts on the part of government officials, social scientists, and indigenous leaders to renegotiate the place of native peoples in Mexican society. It traces the movement's origins as a humanitarian cause among intellectuals, the involvement of government in bringing education, land reform, cultural revival, and social research to Indian communities, and the active participation of Indian peoples. Traditionally, scholars have seen Indigenismo as an elitist formulation of the "Indian problem." Dawson instead explores the ways that the movement was mediated by both elite and popular pressures over time. By showing how Indigenismo was used by a variety of actors to negotiate the shape of the revolutionary state—from anthropologist Manual Gamio to President Lázaro Cárdenas—he demonstrates how it contributed to a new "pact of domination" between indigenous peoples and the government. Although the power of the Indigenistas was limited by the face that "Indian" remained a racial slur in Mexico, the indígenas capacitados empowered through Indigenismo played a central role in ensuring seventy years of PRI hegemony. In studying the confluence of state formation, social science, and native activism, Dawson's book offers a new perspective for understanding the processes through which revolutionary hegemony emerged.