December 2008
The closing weeks of 2008 brought encouraging signs that this Asian crisis might not be as bad as the last one. Lawrence White speaks to Amando M Tetangco Jr, governor of the central bank of the Philippines, about the challenges facing the banking sector, forecasts for growth and inflation, and lessons learnt from the 1997 crisis.
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December 2008
Drip, drip, drip. The Russian authorities’ decision to keep allowing the value of the rouble to fall against a US dollar-euro basket through a series of mini-devaluations shows no signs of stopping.
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December 2008
Banks in emerging markets appeared to have escaped the worst of the financial crisis. Now, as capital markets seize up and the global economy heads for recession, they must face the same liquidity and solvency pressures as their western counterparts. Sudip Roy looks at the banks most likely to cope.
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