Fobaproa the FONAPRE ("Fondo de Apoyo Preventivo a las Institiciones de Banca Múltiple" or "Fund of preventive support to banking institutions") was founded to preserve the financial stability of banks, with the government having banks as trustees. By 1987, a parallel finance industry had been created with brokering firms, investment societies etc. To continue attracting investors, interest rates increased at the Bolsa Mexicana de Valores, and with the crash in the New York Stock Exchange, the national banking system was deeply affected and another devaluation came as a result. In 1990, in an attempt to prevent situations similar to those of
Academia Mexicana de la Historia Academia Mexicana de la Historia The Academia Mexicana de la Historia ("Mexican Academy of History", also known by the acronym AMH) is a national academy in Mexico, whose purpose is to promote and propagate historical studies within Mexico, conduct research into all aspects of the history of Mexico, and to contribute towards the preservation of the national cultural heritage. It is a correspondent academy to the "Real Academia de la Historia" in Madrid, the equivalent national academy of history in Spain. The AMH was formally constituted on September 12, 1919, after several previous attempts to form such a body had