Judged by several measures, however, the Asian countries were hit much harder by the recent crisis than were the Latin American countries. Why was this the case? What vulnerabilities pushed these dynamic Asian economies into severe crisis? What economic policies or characteristics allowed the major Latin American countries to weather the storm with comparatively less damage?
David Dodge: Recent review of the Canadian economy Opening statement by Mr David Dodge, Governor of the Bank of Canada, to the House of Commons Finance Committee, Ottawa, 19 April 2005. *  *  *  Good afternoon, Mr. Chairman and members of the Committee.