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The Short-Term Capital in the Emerging Market Economy
The narrative was that these guys were borrowing lots of money offshore. But they were going to invest it in productive assets, and there would be an export boom. As 95 became 96, 97, there was absolutely no evidence that this was happening. In fact, the evidence was pretty strong, but China was undermining this whole theoretical export boom. So that's why I believe it's important to read contemporaneous history.