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  • Developing countries don't need central banks, argues Steve Hanke. They may not even need their own currencies. Argentina should lead the way by unilaterally adopting the dollar.
  • Country Risk: In search of a safe haven
  • Country Risk: In search of a safe haven
  • Oman has recently opened the first interbank repo market in the Gulf and East African region. One of the quietest success stories in the world, this small Gulf country is helping to ensure future growth by the establishment of a modern financial and banking system.
  • For this, our 27th ranking of the world's countries by creditworthiness, we have altered the scoring slightly. We have included a measure of per capita income into the score given for economic performance. This has boosted the ranking of a number of countries - especially smaller ones -which were previously penalized because little data was available on their economic performance (see methodology).
  • Euroland Municipal Bonds: New city states
  • Euroland Municipal Bonds: New city states
  • Euroland Municipal Bonds: New city states
  • A slowdown in domestic economic growth and meltdown in Russia and Brazil have put pressure on financial institutions across the Andean region. Justine Newsome examines what it will take for the banks to survive the storm.
  • Portuguese Banking: Carving out a new role
  • Why did Morgan Stanley Dean Witter fly its international top brass to an urgently cobbled-together press conference in Madrid, five days after the news leaked of an acquisition so tiny in the grand scheme of its financials that the firm did not even have to report it publicly? Because the deal kicks off the European roll-out of Morgan Stanley Dean Witter's global strategy.
  • Bankers who risk billions every day at work often turn out to be adrenaline addicts in their spare time. Guy Hands, the UK's highest-paid financier and enigmatic leader of Nomura's principal finance group is one such. He has just pumped a sizeable chunk of his £40 million-a-year package into Rockingham motor-racing track in Northamptonshire, the first purpose-built oval track to open in the UK since 1907.