Some people argue that U.S. loans to Mexico in 1995 led to the Asian crisis. Explain the logic of this argument. What were the main factors leading to the Asian crisis of 1997? How has the role of the...

Some people argue that U.S. loans to Mexico in 1995 led to the Asian crisis. Explain the logic of this argument. What were the main factors leading to the Asian crisis of 1997? How has the role of the IMF come under scrutiny in the recent discussion of reforms in the international financial architecture?