> That the U.S. Treasury and the IMF loaned a bunch of money to Mexico
> and East Asia to make the interest rate and exchange rate shocks
> produced by the Wall Street panic less than they would otherwise have
> been?
Fair enough, though I'd argue that the real author of the SE Asian recovery was mongo debt relief and subzero interest rates by Japan Inc., plus all that juicy Euroliquidity sweeping the globe. Ah, the joys of trillion-euro bank bailouts!
-- Dennis