The Mexican financial crisis of 1994 was due to international investors' loss of confidence in the country.

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The 1994 Mexican financial crisis, also known as the "Tequila Crisis," was triggered by a sudden devaluation of the Mexican peso, which led to high inflation and a sharp rise in interest rates. The crisis was caused by a combination of factors, including a large trade deficit, excessive government spending, and a lack of regulatory oversight in the banking sector. However, the loss of confidence by international investors was a major contributing factor, as foreign capital fled the country, exacerbating the economic woes.

The Mexican Financial Crisis of 1994 Was Due to International