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  • An elegant and intellectual proposal, but will it fly? That's what swap dealers and analysts in London are asking themselves after a week of presentations in mid-May, by Liffe (the London International Financial Futures & Options Exchange) and its associates, of a revolutionary future based on swap rates.
  • Hi-tech comes to Europe
  • Is this the biggest show in town?
  • In a Euromoney virtual round table, James Rutter asks 10 borrowers - big and small - to predict the shape of the new market in euros, how they will handle their borrowing, who will they choose to handle their deals.
  • Brazil is still learning to live without inflation. Before the Plano Real, it could sustain a fiscal deficit through monetary expansion. Now it needs to boost exports and cut government borrowing. Marcelo Starec reports
  • The initial membership of Emu is decided, as is the board of the European Central Bank (ECB) and the exchange-rate parities for converting Emu participant currencies into the new euro on 1 January 1999.
  • The English law of security over cashdeposits has finally been clarified to the Financial Law Panel's satisfaction - this has important consequences for documentation. By Christopher Stoakes.
  • A SUPPLEMENT TO EUROMONEY/JUNE 1998: PORTUGAL
  • This month sees the annual influx of capital markets luminaries to London for Euromoney's Global Borrowers and Investors Forum. Just across the English Channel, it also sees the kick-off of a minor sporting event: soccer's World Cup. Perish the thought that dedicated capital-markets players might regard attending the former as an opportunity to drop in on the odd game or two.
  • When the Asian crisis took hold the notion was that Malaysia was somehow different and could escape the worst effects. There's little room for such optimism now. How hard Malaysia lands may depend on Japanese recovery and the extent to which the government is willing to relax its fiercely nationalist economic policies. Nicholas Bradbury reports.