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  • Research guide to European Monetary Union
    May 01, 1997
  • Ecuador's tough debut
    Issuer: Republic of Ecuador
    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
  • Opinion
    Japan: fast recovery means global nightmare
    The world is all perversity. The worst that could happen to investors is stronger global growth, producing weak financial markets. That will happen if Japan picks up this year at the same time as core Europe, and there is a continued boom in the US.
    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
  • Portugal - The escudo's accession to the euro
    A special report prepared by Banco Santander de Negócios Portugal
    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
  • Looking after Latin paper
    The niceties of custody hardly apply in emerging markets. Clients care more about settling on time than they do about sophisticated services. Banks concentrate on the basics and the breakdown of the market into customer groups is a long way off. James Featherstone reports on the latest developments in Latin America.
    May 01, 1997
  • A crowded road to market
    The pressures of qualifying for Emu are forcing governments to privatize faster than they might otherwise think prudent. There's a convergence of issues as well as a convergence of currencies. Is it all more than the market can bear? Catherine Garner reports.
    May 01, 1997
  • Gazprom's stunning loan debut
    Issuer: Gazprom
    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
  • 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
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