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  • 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.
  • Once upon a time Spain's thoroughbred banks looked down on the cajas de ahorros. But these local savings institutions are no longer the slow beasts of burden they once were. They sell many of the same products as commercial banks; they're opening branches outside their traditional stamping grounds; some are even buying banks. But as Jules Stewart reports, they are protected from takeover themselves.
  • 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
  • They had to have the money, but no one bargains like the Koreans. So when the heavily downgraded republic was forced into the bond markets in mid-meltdown, Salomon and Goldman knew lead-managing the deal would be tough ... but not this tough. Steven Irvine reports.
  • Central America has come a long way in a short time. It has developed a surprising degree of political stability, a consensus in favour of economic liberalization and a real thirst for economic progress. Jennifer Tierney reports on a region that is growing in confidence and that may soon become a coherent and outward-looking trade block
  • Doing business with pop stars and TV writers sounds glamorous, but when Hollywood meets Wall Street there's rarely a meeting of minds. Artists may like the jingle of cash up front, but to securitize their future cashflows they need to have a reason investors can identify with - like tax-avoidance. Antony Currie reports.
  • Hans-Joerg Rudloff, doyen of the Euromarket, has positioned himself perfectly for next year's skyburst of activity in euro debt financing.
  • Hi-tech comes to Europe
  • Some issuers seem to have a natural talent for tripping up syndicate banks. In this respect few borrowers rival Germany's Länder, who recently issued their fifth joint Eurobond. No Länder-Jumbo has ever been a notable success, but this deal seems to have made everyone a loser.