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Winter 1998


The Asian Economic Crisis - Its Origins and The Way Out

Michael Mussa is chief economist of the International Monetary Fund.

Graham Hacche is Assistant Director for the World Economic Studies Division of the IMF.

Washington - After International Monetary Fund programs for several east Asian economies were initially announced late last year, their crises unfortunately deepened. This is not entirely unusual. It took time for Latin America's "tequila" crisis of 1994-1995 to begin to turn around.

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