There were some similarities but also important differences, not least that the Mexican crisis required restructuring of sovereign debt, whereas in Asia the problem was private debt. Nonetheless, Ito argues that important lessons that could have been drawn from the Mexican experience were not applied in the Asian crisis.
II I do know, however, that central bank research papers which take a critical look at statistical methods are not always welcomed with open arms by statistical offices. For instance, it is often argued that studies oriented towards the ideal world of a cost-of-living index are hardly relevant to official statistics since price statistics are founded on the principle of pure price comparisons.