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  • It's been the year of the emerging markets with many of Euromoney's 50 best deals of the year coming from key countries such as China, Russia, Brazil and Argentina. Our selection focuses on the important, interesting and innovative transactions from January to August. We have selected five for special mention and also highlighted some deals that were, frankly, dogs. By Robert Minto.
  • His combative approach - along with $70 billion reserves - has seen off all the currency speculators so far. But does Joseph Yam sleep easy at night?
  • Waiting for banks to bite the bullet
  • With a rare combination of rising oil prices, bumper harvests and policy reforms lifting the economic fortunes of the Middle East, its banks enjoyed a good year in 1996. Tony Wynne and Anthony Christofides take a look at the top 100 Arab banks and assess their prospects for 1997.
  • The Russian $90 billion promissory note market is the largest debt market in the country. But major reforms are required for it to mature into a mainstream corporate bond market - and yields must remain high or foreign investors will not be willing to take the extra risk. By Brad Durham.
  • Deals of the Year
  • The Mexican financial scene has substantially changed since the 1994 crisis. Out of the dust of the crash broader and better organized capital markets have emerged. Debt restructuring has built up yield curves and bank asset sales are creating new instruments. Even the equity markets seem more buoyant. Jennifer Tierney reports.
  • If an international bank wants to increase its profile in Russia, it heads straight for Gazprom. Russia's largest company has huge capital requirements for the next few years, and to be seen working on as many of its deals as possible is the best way to market services to other Russian companies.
  • Finance Minister and Central Banker of the Year: The regional winners
  • The old guard remains in control at Gazprom, Russia's dominant gas producer. But can they fend off plans to liberalize the gas sector?
  • Why investors love Poland
  • Russia's sovereign Eurobonds are still holding centre stage, but the country's cities, banks and corporates are also stepping into the limelight. By Guy Norton.