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  • Chipping at the firewalls
    US banks still go through contortions to get round the crumbling Glass-Steagall Act, which limits their securities business. But action by the US Federal Reserve will reduce some of the balance-sheet gymnastics required. It will bring one dramatic step nearer the day when banks and securities firms might merge. Michelle Celarier reports
    December 01, 1996
  • Emu: The outside view
    What will be the effect of European economic and monetary union (Emu) on the rest of the world? Will the euro be strong or weak? How will Emu affect world trade and global currency coordination? There are plenty of wild guesses. David Shirreff consults a handful of experts
    December 01, 1996
  • Why the Big Mango stayed on the tree
    1996 was not a good year for Thailand. Economic problems piled up as thick as Bangkok's legendary traffic and the pundits forecast a Mexico-style accident. But the Big Mango, as Thailand's capital city is known, did not go splat ­ thanks to skilful technocrats who steered the country to safety. It's early days but the worst could be over, reports Gill Baker
    December 01, 1996
  • Seizing the moment
    What sovereigns do, corporates will try to do better. Many have taken advantage of good conditions to stretch maturities and smooth out repayments. Some Mexican issuers have even managed to price tighter than their government, reports David Pilling
    December 01, 1996
  • Equities
    A special report prepared by the Capital Markets Centre of Bank Handlowy w Warszawie SA
    December 01, 1996
  • Opinion
    Europe's faded photocopy democracy
    by David Roche
    December 01, 1996
  • Will investors enjoy the Concert?
    By BRIAN CAPLEN
    December 01, 1996
  • Bonds
    A special report prepared by WoodCommerz
    December 01, 1996
  • The 1997 Guide to Poland
    December 01, 1996
  • Divided by a common language
    Does it matter whether a securities issue is written under English or New York law? Probably not, if you are as well advised on the consequences of not using a jurisdiction as of using it. By Christopher Stoakes
    December 01, 1996
  • A new way to calculate bonuses
    Ingersoll and Komarovsky learn to suffer while Iceberg preserves his golf swing
    December 01, 1996
  • Forex & money markets
    A special report prepared by Vereinsbank Polska SA
    December 01, 1996
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