Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources.
Stock Symbol: AEM (NYSE and TSX) (All amounts expressed in U.S. dollars unless otherwise noted) TORONTO, Feb. 18 /PRNewswire-FirstCall/ -- Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") today reported quarterly net income of $21.9 million, or $0.15 per share for the fourth quarter of 2008....

The real questions about sovereign wealth funds: a roundtable discussion.
Already the buzz this year in financial circles, sovereign wealth funds have been initially welcomed in the United States (and to a lesser degree in Europe) as white knights whose capital investments have helped rescue troubled financial institutions and other companies stricken by the credit-market crisis. But these funds,...

The IMF: victim of its own success or institutional failure?
The International Monetary Fund (IMF), created at the end of the Second World War at Bretton Woods, New Hampshire, to manage an international monetary system characterized by fixed exchange rates and heavily restricted international capital flows, now faces widespread questioning of its relevance. Calls for its abolition are not...

BSP sees peso to remain strong.
The Bangko Sentral ng Pilipinas (BSP) expects the peso to stay strong this year, and expressed doubts that capital controls or pegging the exchange rate will stop the currency's appreciation against the US dollar. The monetary authority also dismissed suggestions it has heavily intervened in the market...

Preventing currency crises: the currency board versus the currency principle.
JEL Classifications: E32; E58; O23 Keywords: currency crisis; currency board; central bank; IMF; emerging markets; Asian crisis; Hong Kong INTRODUCTION The institution of the currency board began to gain increasing favor among mainstream economists in the mid-1990's because of its apparent success in...

Gulf cooperation council stock markets since September 11.
Despite many economic and social features that bind their economies, the Middle Eastern countries are remarkably diverse. Their economic heterogeneity is a reflection of unequal natural-resource endowments, with a few economies in the region subject to enormous swings in growth resulting from commodity price shocks. In some countries, regional...

A flat playing field can spread Western innovation.
Globalization has made us more conscious of the successive technological revolutions that have driven the scale, scope and speed of change and modernization. "Globalization" itself in the modern era has been led by Western inventors and entrepreneurs. Wave upon wave of transformative technology has taken root on one or...

From Franco to freedom: reflections on getting reacquainted with Spain.
IN THIS YEAR'S northern spring, I indulged myself in the pleasure of returning for a while to Spain, where I had squandered many marvellous months of my youth in the early 1960s. That was when Franco Spain had emerged from the traumas of the Civil War (1936-39), the isolation...

Forex turnover shoots up to $34 bn/day.
Byline: Preeti R Iyer MUMBAI: Foreign exchange (FX) turnover volume in India has grown 385% between 2004 and 2007 to an average of $34 billion a day - the second-highest growth recorded among all countries surveyed by the Bank for International Settlements. Although China has the highest...

Maceoeconomics policies for EU accession.
9781847200006 Maceoeconomics policies for EU accession. Ed. by Erdem Basci et al. Edward Elgar Publishing 2007 340 pages $145.00 Hardcover HC492 As Turkey takes steps to qualify for full membership in...