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  • , Thailand, Malaysia and Thailand collectively absorbed 12.4% of Japan's exports in 1996. Mexico only accounted for 10.1 % 6f U.S . . exports in 1994. ; . I Two differences between the Mexican peso crisis and the currrent turmoil in Southeast Asia
  • countries. _ ' I ' • A firlancial crisis in a dollarized country could put downward pressure on the dollar,just as the Mexican peso crisis contributed to the-dollar's weakness in earlY199S.[ • Possible domestic political criticism even without any