The economic crisis in Mexico has shaken other markets around the world.

In June, a falling yen shook emerging markets all over the world, and a sinking ruble did so again this month.

That and the other European cuts are part of a campaign to shore up the dollar, bolster spending and stabilize the world's shaken financial markets.

A plunge in the Hong Kong stock market, touched off by an attack on the local currency, shook financial markets around the world yesterday.

This occurred before the subprime crisis began to shake financial markets.

Q. It's been more than a year since the onset of the Asian crisis began to shake emerging markets, and lots of investors have left.

And why has it now hit Brazil and shaken financial markets in Argentina, Colombia and Mexico?

Asia's troubles began an economic cycle that has repeatedly shaken financial markets and raised fears of a severe global downturn.

If there are no more surprises, and no major bank failures that begin to shake other emerging markets, the worst could be over.

The Administration argues that to break the law, or even bend it, would shake financial markets and set bad precedent.