2  BIS Review 105/2007  The second of David's open issues – whether central banks should lean against possible asset price bubbles – was the key topic in my discussion here eighteen months ago, at Otmar's festschrift. My answer then is my answer now.
In December 1994 and the first few months of 1995 domestic political factors and the repercussions of the Mexican crisis on the foreign exchange and financial markets aggravated the situation.