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This was largely a reaction to the painful memory of the Asian crisis: Asian countries wanted to insure themselves against another sudden flight of capital.
ECONOMIST: Global economic imbalances
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With the pair well clear of the chasing pack Sunday came down to a straight shoot out between the pair and Scott went some way to erasing the painful memory of his British Open experience, when he led with four holes left and ended up losing.
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The late 1980s property bubble was too recent and too painful for the memory to have been erased.
ECONOMIST: Hot property
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The memory was painful.
NEWYORKER: How David Beats Goliath
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Liverpool's win went some way to erasing the memory of their painful defeat at Sunderland earlier in the season when Rafael Benitez's side were beaten by a Darren Bent shot that controversially deflected in off a beach ball.
BBC: Liverpool 3-0 Sunderland
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"The memory of these events is still too painful, " she wrote in 1982.
CNN: Finding words for 'The King's Speech' took decades