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Correction
In the July issue of Euromoney, an editing error led us to state incorrectly that Alfa Bank is a subsidiary of Austrian firm RZB. It is not. We would like to make it clear that Alfa Bank is Russian-owned and not a subsidiary of any foreign firm.
September 01, 2003
China's currency conundrum
Politicians in the US and Japan are blaming the low value of the Chinese renminbi for all manner of economic ills in their countries and pressing for its revaluation upwards. Yet many of their own manufacturers are benefiting greatly from the low manufacturing costs in China. Speculators will win if the renminbi rises.
Chris Cockerill
,
September 01, 2003
A mini boom bust cycle
The start of the political season in Russia has capped the wild upswing in the country's equity market but not brought share prices crashing to the ground. Predictions of quiet growth based on a growing equity culture still seem apt.
Ben Aris
,
September 01, 2003
Finance minister of the year
The Central Bank Governor of the Year and the Finance Minister of the Year awards will go live on September 19. Visit the site then to find out who won.
September 01, 2003
$1 trillion says that EM is back
Emerging markets are back. That's the conclusion of the latest quarterly debt survey by Emta, formerly the Emerging Markets Traders Association. In the second quarter of 2003, total emerging-market debt trading passed $1 trillion for the first time in five years.
Felix Salmon
,
September 01, 2003
Specialists
Promontory Financial; Scalene Capital Management; USPowergen; Recovery Partners; Schechter & Co; Van Oss
September 01, 2003
Electoral imperatives
As Duma and presidential elections loom, the two main Kremlin political factions are vying for control of Russia's development.
Ben Aris
,
September 01, 2003
Raghuram Rajan: The oxygen of competition
Raghuram Rajan, the new IMF chief economist, talks to Euromoney's Julian Evans about controlling special interests, IMF reform, and the difficulties of instituting market democracy in Iraq.
Julian Evans
,
September 01, 2003
Risk management poll - commodities
September 01, 2003
Risk management poll - foreign exchange
September 01, 2003
Benchmarking
Country risk Sep 2003: Measured enthusiasm on east Asian boom
Country risk index: East Asia continues to lead the growth pack, but offers significant risk; Turkey is - once again - at a turning point; and Africa continues to be unsettled, but with less risk of inter-country contagion.
September 01, 2003
Reform stumbles as Dinkic falls
The murder of prime minister Zoran Djindjic and the ousting of central bank governor Mladjan Dinkic hurt Serbia's free-market reforms. Now the government's hopes lie in privatization.
September 01, 2003
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