As restructuring rather than default becomes the norm for credit events in the emerging markets, it is time for those involved in the market to reappraise the effects of distressed situations on credit default swap prices, argue Manmohan Singh and Jochen Andritzky
Emerging-market and convergence investors have long since stopped buying hard-currency debt from the new European countries after their spreads converged with EU government levels, but the region's local-currency debt is attracting ever more inflows.
After months of debate about the number of companies to be reprivatized, progress is made
Asia's banks have reinforced their position as the largest emerging-market financial institutions thanks to the region's economic growth.
Croatian oil company INA will undertake a 15% initial public offering by the end of the year.
Country risk index: Most countries have better access to capital than ever before and sovereign credit ratings have been on the rise for the past three years.
It's difficult to make money in Russian private equity.
Improved fundamentals have undoubtedly fuelled the emerging-market debt boom.
The imminent liberalization of Gazprom share ownership rules will introduce the world's biggest energy company to the world's biggest investors.
Central and eastern Europe's leading institutions have been quick to praise UniCredit's acquisition of HVB, which creates the region's biggest bank.
Russia's domestic wealth management industry has a long way to go
A reveiw of 13 years of country risk, region by region.
Ukraine's president Viktor Yushchenko has had a roller-coaster 12 months.
Dragos Neacsu, a former civil engineer and latterly investment banker, has taken on the challenge of overcoming the many shortcomings of Romania's debt strategy from the foundations up.
Grigorii Marchenko, chief executive of Halyk Bank and former governor of Kazakhstan's central bank, talks to Euromoney about bank capitalization, the development of consumer banking products, Kazakhstan's economic policy and the country's regional role.
Eastern European equity had a summer of love, as stockmarkets from Budapest to Istanbul hit all-time highs.
After a long dormancy, Kazakhstan's equity market might be about to wake up, thanks to some large IPOs.