FinObservatory

Crisis atlas / MEX

Mexico

137 distinct crisis events in 10 episodes, 1827–2008, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

24
Banking crises
26
Currency crises
87
Sovereign debt crises
137
Crisis events
1827–2008
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2008
    Currencyrr1 source
  2. 1998
    Currencyrr1 source
  3. 1997
    Bankingrr1 source
  4. 1996
    Bankinglaeven_valencia, rr2 sources
  5. 1995
    Currencygmd, laeven_valencia, rr3 sources
    Bankinglaeven_valencia, rr2 sources
  6. 1994
    Currencyrr1 source
    Bankinggmd, laeven_valencia, rr3 sources
  7. 1993
    Bankingrr1 source
  8. 1991
    Bankingrr1 source
  9. 1990
    Sovereign debtgmd, laeven_valencia, rr3 sources
  10. 1989
    Sovereign debtrr1 source
    Currencyrr1 source
  11. 1988
    Sovereign debtrr1 source
  12. 1987
    Sovereign debtrr1 source
    Currencyrr1 source
  13. 1986
    Sovereign debtrr1 source
    Currencyrr1 source
  14. 1985
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinglaeven_valencia1 source
  15. 1984
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinglaeven_valencia1 source
  16. 1983
    Sovereign debtrr1 source
    Currencyrr1 source
    Bankinglaeven_valencia1 source
  17. 1982
    Sovereign debtgmd, laeven_valencia, rr3 sources
    Currencygmd, laeven_valencia, rr3 sources
    Bankinglaeven_valencia, rr2 sources
  18. 1981
    Bankinggmd, laeven_valencia, rr3 sources
  19. 1977
    Currencygmd, laeven_valencia2 sources
  20. 1976
    Currencyrr1 source
  21. 1954
    Currencygmd, rr2 sources
  22. 1949
    Currencyrr1 source
  23. 1948
    Currencygmd, rr2 sources
  24. 1945
    Sovereign debtrr1 source
  25. 1944
    Sovereign debtrr1 source
  26. 1943
    Sovereign debtrr1 source
  27. 1942
    Sovereign debtrr1 source
  28. 1941
    Sovereign debtrr1 source
  29. 1940
    Sovereign debtrr1 source
  30. 1939
    Sovereign debtrr1 source
    Currencyrr1 source
  31. 1938
    Sovereign debtrr1 source
    Currencygmd, rr2 sources
  32. 1937
    Sovereign debtrr1 source
  33. 1936
    Sovereign debtrr1 source
  34. 1935
    Sovereign debtrr1 source
  35. 1934
    Sovereign debtrr1 source
  36. 1933
    Sovereign debtrr1 source
    Currencyrr1 source
  37. 1932
    Sovereign debtrr1 source
    Currencyrr1 source
  38. 1931
    Sovereign debtrr1 source
    Currencygmd, rr2 sources
    Bankingrr1 source
  39. 1930
    Sovereign debtrr1 source
    Bankingrr1 source
  40. 1929
    Sovereign debtrr1 source
    Bankingrr1 source
  41. 1928
    Sovereign debtgmd, rr2 sources
    Bankinggmd1 source
  42. 1922
    Sovereign debtrr1 source
  43. 1921
    Sovereign debtrr1 source
    Bankingrr1 source
  44. 1920
    Sovereign debtrr1 source
    Bankinggmd, rr2 sources
  45. 1919
    Sovereign debtrr1 source
  46. 1918
    Sovereign debtrr1 source
  47. 1917
    Sovereign debtrr1 source
  48. 1916
    Sovereign debtrr1 source
    Currencyrr1 source
  49. 1915
    Sovereign debtrr1 source
    Currencyrr1 source
  50. 1914
    Sovereign debtgmd, rr2 sources
    Currencygmd, rr2 sources
  51. 1913
    Bankinggmd, rr2 sources
  52. 1908
    Bankingrr1 source
  53. 1907
    Bankingrr1 source
  54. 1893
    Bankinggmd, rr2 sources
  55. 1892
    Currencyrr1 source
  56. 1891
    Currencygmd, rr2 sources
  57. 1885
    Sovereign debtrr1 source
    Bankingrr1 source
  58. 1884
    Sovereign debtrr1 source
    Bankingrr1 source
  59. 1883
    Sovereign debtrr1 source
    Bankinggmd1 source
  60. 1882
    Sovereign debtrr1 source
  61. 1881
    Sovereign debtrr1 source
  62. 1880
    Sovereign debtrr1 source
  63. 1879
    Sovereign debtrr1 source
  64. 1878
    Sovereign debtrr1 source
  65. 1877
    Sovereign debtrr1 source
  66. 1876
    Sovereign debtrr1 source
  67. 1875
    Sovereign debtrr1 source
  68. 1874
    Sovereign debtrr1 source
  69. 1873
    Sovereign debtrr1 source
  70. 1872
    Sovereign debtrr1 source
  71. 1871
    Sovereign debtrr1 source
  72. 1870
    Sovereign debtrr1 source
  73. 1869
    Sovereign debtrr1 source
  74. 1868
    Sovereign debtrr1 source
  75. 1867
    Sovereign debtrr1 source
  76. 1866
    Sovereign debtgmd, rr2 sources
  77. 1864
    Sovereign debtrr1 source
  78. 1863
    Sovereign debtrr1 source
  79. 1862
    Sovereign debtrr1 source
  80. 1861
    Sovereign debtrr1 source
  81. 1860
    Sovereign debtrr1 source
  82. 1859
    Sovereign debtrr1 source
  83. 1858
    Sovereign debtrr1 source
  84. 1857
    Sovereign debtrr1 source
  85. 1856
    Sovereign debtrr1 source
  86. 1855
    Sovereign debtrr1 source
  87. 1854
    Sovereign debtgmd, rr2 sources
  88. 1850
    Sovereign debtgmd, rr2 sources
  89. 1849
    Sovereign debtrr1 source
  90. 1848
    Sovereign debtrr1 source
  91. 1847
    Sovereign debtrr1 source
  92. 1846
    Sovereign debtrr1 source
  93. 1845
    Sovereign debtrr1 source
  94. 1844
    Sovereign debtgmd, rr2 sources
  95. 1841
    Sovereign debtrr1 source
  96. 1840
    Sovereign debtrr1 source
  97. 1839
    Sovereign debtrr1 source
  98. 1838
    Sovereign debtrr1 source
  99. 1837
    Sovereign debtrr1 source
  100. 1836
    Sovereign debtrr1 source
  101. 1835
    Sovereign debtrr1 source
  102. 1834
    Sovereign debtrr1 source
  103. 1833
    Sovereign debtgmd, rr2 sources
  104. 1830
    Sovereign debtrr1 source
  105. 1829
    Sovereign debtrr1 source
  106. 1828
    Sovereign debtrr1 source
  107. 1827
    Sovereign debtgmd, rr2 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1827–1850

Sovereign debt

No macro panel coverage for this window.

1854–1885

Sovereign debtBanking
Inflation (% y/y)
-10010184918541890
Policy rate (%)
No data for this window
Govt debt (% of GDP)
050100184918541890

1891–1893

CurrencyBanking
Inflation (% y/y)
-1001020188618911898
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0204060188618911898

1907–1908

Banking
Inflation (% y/y)
-1001020190219071913
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0102030190219071913

1913–1922

BankingCurrencySovereign debt
Inflation (% y/y)
-1k01k2k3k190819131927
Policy rate (%)
No data for this window
Govt debt (% of GDP)
02040190819131927

1928–1949

BankingSovereign debtCurrency
Inflation (% y/y)
-2002040192319281954
Policy rate (%)
No data for this window
Govt debt (% of GDP)
02040192319281954

1954

Currency
Inflation (% y/y)
01020194919541959
Policy rate (%)
No data for this window
Govt debt (% of GDP)
02.557.5194919541959

1976–1977

Currency
Inflation (% y/y)
0204060197119761982
Policy rate (%)
No data for this window
Govt debt (% of GDP)
0204060197119761982

1981–1998

BankingCurrencySovereign debtoutput loss 26.6% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
050100150197619812003
Policy rate (%)
0204060197619812003
Govt debt (% of GDP)
0204060197619812003

2008

Currency
Inflation (% y/y)
0246200320082013
Policy rate (%)
0510200320082013
Govt debt (% of GDP)
0204060200320082013

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology