Bahrain sets the pace.
Bahrain, which has the largest concentration of Islamic financial institutions in the world, is consolidating its position by encouraging a greater competitive edge in the sector and playing a leading role in setting uniform accounting standards for Islamic bankswrites The Bahrain Monetary Agency (BMA), according to local bankers, has...

Stock market slow on the uptake.
Cyprus gained a new stock market last spring. But despite the island's healthy economy and favourable financial links with Europe and the Middle East, investors have been fickle. Can they be won over? The Cyprus Stock Exchange, officially established at the end of March 1996, has behaved like the...

My first directorship.
That first board appointment is a milestone, and the governance experience that follows can be everything from "really fulfilling" to "gut-wrenching." FOR LOIS DICKSON RICE, an education policy expert at the Brookings Institution, her first, full-fledged corporate board seat at Control Data Corp. (she had earlier sat on...

Iraq, secured transactions, and the promise of Islamic law.
ABSTRACT When Iraq regains political stability, major reconstruction projects will have to be funded and local businesses will need financing in order to gain a foothold in the new economy. In order to attract the necessary capital, the Iraqi law of secured transactions must be reformed to...

Citi Plans Major Investment in Activities that Support Growth of Alternative Energy Technologies.
ENERGY RESOURCE-8 May 2007-Citi Plans Major Investment in Activities that Support Growth of Alternative Energy Technologies(C)2007 JeraOne - http://www.jeraone.com Citi said it will direct $50 billion over the next 10 years to address global climate change through investments, financings and related activities that support the commercialization and...

Financing environmental change: a new role for Canadian environmental law.
Financial institutions occupy a central role in equity and debt markets, providing the finance that shapes economic development and thus environmental pressures. Environmental regulation has traditionally focused on development itself but not those that financially sponsor developers. To achieve an environmentally sustainable economy in Canada, new regulations and policies...

Latin American and U.S. universities: a forty years analysis.
1. INTRODUCTION Forty years ago two prominent Chilean economists, Anibal Pinto and Osvaldo Sunkel, argued that it was a mistake for Latin Americans to study economics abroad. According to them, graduate economics training in the United Kingdom, France and the United States was inadequate, and did not...

African Americans and mortgage lending discrimination.
Background The Home Mortgage Disclosure Act (HMDA) of 1975 made it easier to address the issue of discrimination by requiring lending institutions to document mortgage lending patterns. The concern, at the time, was that banks were not providing adequate credit in certain inner-city neighborhoods. Data was now...

Navigating the path of least resistance: financial deregulation and the origins of the Japanese crisis.
This article reexamines the period of the Japanese bubble (1985-1990) and emphasizes ill-supervised and ill-sequenced financial deregulation as a key proximate factor. Given the subsequent costs of this political choice, what explains such a path of domestic financial deregulation without the establishment of corresponding supervisory institutions? I argue that...

Careers in finance: the action is back on main street.
The late Reginald Lewis was the greatest African-American corporate takeover artist in history. In 1987, he bought the food company he renamed TLC Beatrice International (still the world's largest Black-owned company), by pulling together a billion dollars in financing. But in 1967, Lewis, while still a student...