J. L. Machinea, “La Crisis Financiera Internacional: Su Naturaleza y Los Desafíos de Política Económica,” Revista de la CEPAL, # 97, abril, 2009.

has been cited by the following article:

• TITLE: Has the 2009 Mexican Economic Crisis Been the Worst Ever?

  AUTHORS: Eduardo Loría

  KEYWORDS: Economic Crises; Macroeconomic Indicators; Economic Growth; Misery Index

  JOURNAL NAME: Modern Economy, Vol.4 No.3A, March 28, 2013

  ABSTRACT: It has been widely accepted that in Mexico, the 2009 crisis has been the worst ever since The Great Depression (in the1930’s) with the only argument being the abrupt fall in GDP. Our main conclusion is that the 1995 crisis was more severe due to its further negative effects in all the other economic and social variables. In order to prove this hypothesis, a comparative analysis (using macroeconomic and social variables) with the 1983 and 1995 crises is made.