Date: Sun, 7 Dec 1997 21:11:04 -0500 (EST)
From: "Liam R.Flynn" <trinity-AT-hot-shot.com>
Subject: M-G: Asian crisis more comples.


> 12/07/97 15:44 Asia crisis more complex than Mexico's: BIS BASEL,
> Switzerland. Turmoil on southeast Asia's financial markets is
> broader-based than the Mexican crisis of 1995 and could have broader
>  repercussions, the Bank for International Settlements said Monday.
> In a report on banking and finance in third-quarter 1997, the BIS --
>  effectively the central bank of the world's central banks --
> pointed out that Japanese banks particularly were in an exposed
> position. "In contrast to the Mexican crisis of 1995, which was
> heavily biased toward public sector debt, the recent southeast Asian
>  currency turmoil involved a wide spectrum of actors and instruments,"
>  the report said.{AFP/FRANCE}


                                                       Liam R.Flynn
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