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  • Georgia: playing a careful game
    Georgia is experiencing stability for the first time after five years of war and economic collapse. And with a team of young reformers in charge, the foundations exist for a period of sustained economic growth. By Selina Williams
    January 01, 1997
  • Opinion
    Low growth in 1997: buy bonds
    Last September in this column, I argued that the industrial economies could be heading for much lower growth than expected in 1997. Now I'm even more convinced that OECD growth will fall short of consensus estimates, which means that central banks will not be raising short-term interest rates until late this year. This affects all investment decisions. It means that the yen will be strong, and the Deutschmark and dollar weak in 1997; bond yield curves will flatten.
    January 01, 1997
  • Mexico waits for the tequila sunrise
    With foreign investment flowing in, Mexico should enjoy two years of economic growth. But can it sustain the recovery without another crash? By Jennifer Tierney
    January 01, 1997
  • BANKING
    Poll of Polls: Advisory
    Poll of Polls: The rise of DMG
    January 01, 1997
  • BANKING
    Poll of Polls: Underwriting
    Poll of Polls: The rise of DMG
    January 01, 1997
  • Briefing encounters
    Banks have become more sophisticated in the way they choose their law firms. But have they got it right yet? By Christopher Stoakes.
    January 01, 1997
  • Santa comes to Poggibonsi
    Banco de Poggibonsi e di Colle Pottine,
    January 01, 1997
  • Still big, but more sensitive
    The jumbo Pfandbrief was designed to attract international investors to what had been largely a domestic German debt instrument. Until recently, though, it was being marketed as if Germans were the target. Non-Germans want clearer pricing information, conventional credit ratings and more warning of upcoming issues. Some issuers are responding, not least because the Pfandbrief looks like being Germany's main contender in European debt markets when a single currency is instituted. Antony Currie reports.
    January 01, 1997
  • Strips, floaters and the road to Emu
    The Spanish government is expected to open at least two new markets this year to provide the fixed-income sector with greater depth and liquidity. Jules Stewart reports on the interest generated as the treasury casts off its cumbersome traditional approach to borrowing.
    January 01, 1997
  • BANKING
    Newcomers to the herd
    Still big, but more sensitive
    January 01, 1997
  • Battle for the euro
    By March 1998 Europe's biggest futures exchanges will launch the first contracts to be settled in euros. Only the fittest will survive. London, Paris and Frankfurt are locked in combat to win the greatest prizes of all ­ those dominant futures contracts in short-term and medium-term interest rates. David Shirreff reports
    January 01, 1997
  • A game of ethical dilemmas
    In which Ingersoll and Komarovsky are sent on a course to learn that "ethics" is not just a county to the east of London.
    January 01, 1997
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