The macroeconomic implications of the new banking capital regulation in emerging markets: a duopoly model adapted to risk-averse banks.
Resumen. Con el propósito de analizar el impacto de la nueva regulación de capital de bancos (Basilea II) sobre el ciclo de una economía emergente, desarrolló un modelo de duopolio compuesto por bancos locales y extranjeros. Teniendo en cuenta esta nueva regulación, los principales resultados son: la evaluación del...

How global investors might rid themselves of Asian-type crises.
Recent debate about reforming the international financial architecture to handle financial crises in emerging markets typically focuses on the relationship between officials. That is, what will finance ministers from developed countries and officials in international financial institutions agree to tell finance ministers in emerging economies? However, in recent times,...

Foreign banks: what do we know?
In their twenty years since their entry into Australia, foreign bank performance has been considered a failure. This paper will canvass this and related issues and argue that some of these perceptions may have been based upon inappropriate expectations. It will be argued that the foreign banks have been...

Arabs wage war on money laundering: Arab governments are adopting strict new standards to prevent the misuse of banks in the Middle East by terror organisations and financial manipulators. These efforts could enhance efforts to develop new global financial centres in the Levant.
IN VIRTUALLY ALL large cities of the Gulf, bank headquarters are often among the most prominent buildings on the skyline. No wonder: they are key engines driving local economies. Those institutions are also poised to play a more global role, thanks to the vast sums of money...

Multiple principals and collective action: China's Rural Credit Cooperatives and poor households' access to credit.
Ample empirical evidence suggests that Rural Credit Cooperatives (RCCs), which are the core credit institutions in rural China, are not accountable to their member households. This article argues that this conundrum can be explained by an institutional analysis of the credit cooperatives using the multiple principals--agent framework: the credit...

The Middle East and North Africa 2005.
THE MIDDLE EAST AND NORTH AFRICA 2005 51st Edition Published by Europa Publications ISBN 1 85743 270 3 price 350 [pounds sterling] hardback Europa's The Middle East and North Africa has become one of the most respected books of its genre. Updated and completely revised every year...

Risk assessment of a power plant: evaluating the security of a supervisory control and data acquisition system.
ABSTRACT With the increased potential of a bona fide cyber terrorist attack and the possibility of a future "war in the wires," we must continue to sterilize the networks connected to critical infrastructures. This paper provides a risk assessment of an existing operational computer network used to...

China and India: Learning from Each Other--Reforms and Policies for Sustained Growth.
China and India: Learning From Each Other--Reforms and Policies for Sustained Growth Jahangir Aziz, Steven Dunaway, and Eswar Prasad, eds. Washington: International Monetary Fund, 2006, 282 pp. This book's title promises more than it delivers. It compiles presentations at a seminar in October 2005 organized by the...

Golden opportunites for investors.
South Africa bucks the trend when it comes to emerging market economies. It has remained largely unaffected by global crises such as the 1997 currency crash in Asia and Latin America. It has withstood market upheavals arising from terrorism and high oil prices. Its economy has continued to grow...

Reforms and economic growth in transition economies: complementarity, sequencing and speed.
Abstract This paper considers the effects of sequencing and reform speed on output performance in transition countries. These largely unsettled issues are addressed using principal component techniques to construct reform clusters and by explicit tests of speed effects. The results indicate that broad-based reforms are good for...