Mexican peso crisis of 1994
E5138
The Mexican peso crisis of 1994 was a severe currency and financial crisis triggered by a sudden devaluation of the peso, leading to capital flight, a deep recession in Mexico, and a major international bailout.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Tequila Crisis | 2 |
| Mexican debt crisis of the 1980s | 1 |
| Mexican peso crisis of 1994 canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T59741 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Mexican peso crisis of 1994 Context triple: [Asian financial crisis of 1997–1998, precededBy, Mexican peso crisis of 1994]
-
A.
Asian financial crisis of 1997–1998
The Asian financial crisis of 1997–1998 was a severe regional economic meltdown that began with currency devaluations in East and Southeast Asia, triggering widespread financial instability, recessions, and international policy responses.
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B.
Mexican peso
The Mexican peso is Mexico's official national currency and one of the most traded currencies in the world, widely used in international foreign exchange markets.
-
C.
2011 Chilean student protests
The 2011 Chilean student protests were a massive nationwide movement led largely by university and secondary students demanding comprehensive education reform, including free, high-quality public education and an end to profit in the education system.
-
D.
Wirtschaftswunder
Wirtschaftswunder refers to the rapid economic recovery and sustained growth of West Germany after World War II, transforming it into one of the world’s leading industrial economies.
-
E.
Fiestas Patrias
Fiestas Patrias is Chile’s major national celebration in mid-September, marked by parades, traditional music and dance, barbecues, and patriotic festivities commemorating the country’s independence.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Mexican peso crisis of 1994 Target entity description: The Mexican peso crisis of 1994 was a severe currency and financial crisis triggered by a sudden devaluation of the peso, leading to capital flight, a deep recession in Mexico, and a major international bailout.
-
A.
Asian financial crisis of 1997–1998
The Asian financial crisis of 1997–1998 was a severe regional economic meltdown that began with currency devaluations in East and Southeast Asia, triggering widespread financial instability, recessions, and international policy responses.
-
B.
Mexican peso
The Mexican peso is Mexico's official national currency and one of the most traded currencies in the world, widely used in international foreign exchange markets.
-
C.
2011 Chilean student protests
The 2011 Chilean student protests were a massive nationwide movement led largely by university and secondary students demanding comprehensive education reform, including free, high-quality public education and an end to profit in the education system.
-
D.
Wirtschaftswunder
Wirtschaftswunder refers to the rapid economic recovery and sustained growth of West Germany after World War II, transforming it into one of the world’s leading industrial economies.
-
E.
Fiestas Patrias
Fiestas Patrias is Chile’s major national celebration in mid-September, marked by parades, traditional music and dance, barbecues, and patriotic festivities commemorating the country’s independence.
- F. None of above. chosen
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
currency crisis
ⓘ
economic crisis ⓘ financial crisis ⓘ sovereign debt crisis ⓘ |
| alsoKnownAs |
Tequila Crisis
ⓘ
linked to:
Mexican peso crisis of 1994
|
| bailoutAmount | approximately 50 billion US dollars ⓘ |
| country | Mexico ⓘ |
| describedBySource |
International Monetary Fund reports
ⓘ
linked to:
International Monetary Fund
U.S. Congressional Research Service reports ⓘ
linked to:
Congressional Research Service
economic history literature ⓘ |
| endTime | 1995 ⓘ |
| followedBy |
economic reforms in Mexico
ⓘ
implementation of austerity measures in Mexico ⓘ restructuring of Mexican public debt ⓘ |
| hasCause |
declining foreign exchange reserves of Mexico
ⓘ
heavy reliance on short-term dollar-denominated debt (tesobonos) ⓘ large current account deficit ⓘ loss of investor confidence ⓘ political instability in Mexico in 1994 ⓘ sudden devaluation of the Mexican peso ⓘ |
| hasEffect |
banking sector distress in Mexico
ⓘ
capital flight from Mexico ⓘ contagion to other emerging markets ⓘ deep recession in Mexico ⓘ increase in Mexican public debt burden ⓘ losses for international investors holding Mexican assets ⓘ rise in Mexican inflation ⓘ sharp depreciation of the Mexican peso ⓘ sharp increase in Mexican interest rates ⓘ |
| location | Mexico ⓘ |
| mainSubject | Mexican peso ⓘ |
| partOf |
history of Mexico
ⓘ
history of financial crises ⓘ |
| pointInTime | December 1994 ⓘ |
| receivedSupportFrom |
Bank for International Settlements
ⓘ
International Monetary Fund ⓘ United States government ⓘ World Bank ⓘ |
| significantParticipant |
Bank of Mexico
ⓘ
Government of Mexico ⓘ International Monetary Fund ⓘ President Bill Clinton ⓘ
linked to:
Bill Clinton
President Ernesto Zedillo ⓘ U.S. Treasury Department ⓘ
linked to:
United States Department of the Treasury
United States government ⓘ World Bank ⓘ private international investors ⓘ |
| startTime | 1994 ⓘ |
| triggeredBy |
abandonment of the peso exchange rate band
ⓘ
announcement of peso devaluation by the Mexican government ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Mexican peso crisis of 1994 Description of subject: The Mexican peso crisis of 1994 was a severe currency and financial crisis triggered by a sudden devaluation of the peso, leading to capital flight, a deep recession in Mexico, and a major international bailout.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: Mexican peso crisis of 1994
linked to: Mexican peso crisis of 1994
linked to: Mexican peso crisis of 1994