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  • BANKING
    FX Poll 1997: Who's best where
    May 01, 1997
  • BANKING
    FX Poll 1997: How New York rates interbank players
    FX Poll 1997: Taken aback by a leap forward
    May 01, 1997
  • BANKING
    1997 Bond Trading Poll: Government Bonds
    1997 Bond Trading Poll: The rise of the continentals
    May 01, 1997
  • Peru: The wild card of politics
    Peru's transition to democracy is not proving easy but, as the political and economic situation improves, knowledgeable investors can look forward to fruitful returns. Jennifer Tierney reports.
    May 01, 1997
  • Ecuador's tough debut
    Issuer: Republic of Ecuador
    May 01, 1997
  • EGYPT: GOING FOR GROWTH
    Cairo's stock market is rampant. The past 12 months have seen the market take off after the government finally decided to take privatization seriously. But amid the euphoria there are calls for caution as the financial sector leaves the real economy trailing. Nigel Ash takes a closer look
    May 01, 1997
  • BANKING
    Newman's "vision thing"
    Two bulls in two pens
    May 01, 1997
  • BANKING
    FX Poll 1997: Emerging market currencies
    FX Poll 1997: Taken aback by a leap forward
    May 01, 1997
  • BANKING
    FX Poll 1997: Overall
    FX Poll 1997: Taken aback by a leap forward
    May 01, 1997
  • Nordic markets: Denmark and Emu
    Were membership of Emu solely a question of economic performance, Denmark would enter from the outset on January 1 1999. After a harsh fiscal consolidation programme that has been going on for over a decade, Danish state finances are now in better shape than in almost any other European country.
    May 01, 1997
  • BANKING
    European High-Yield Bonds: A gold mine, or a load of junk
    Two new European-currency corporate high-yield bonds appeared last month, opening what could soon become a thriving sector of the international bond markets. The welcome which supposedly credit-risk-averse European bond investors gave to the two deals was quite spectacular.
    May 01, 1997
  • A veil of tiers
    Banks are constantly exploring new and cheaper ways of raising and using capital. After Tier 1 (shareholders' funds) and Tier 2 (debt capital) comes Tier 3 to support short-term trading positions. But only the adventurous Dutch have put Tier 3 to use. There seems to be more mileage in clever structures such as callable perpetuals. Jules Stewart reports.
    May 01, 1997
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