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  • It's been the year of the emerging markets with many of Euromoney's 50 best deals of the year coming from key countries such as China, Russia, Brazil and Argentina. Our selection focuses on the important, interesting and innovative transactions from January to August. We have selected five for special mention and also highlighted some deals that were, frankly, dogs. By Robert Minto.
  • His combative approach - along with $70 billion reserves - has seen off all the currency speculators so far. But does Joseph Yam sleep easy at night?
  • Finance Minister of the Year: Chubais forces the pace
  • Want to buy a biggish local bank at a knock-down price? Join the queue of foreigners bidding for former state-owned banks in central Europe - but watch out for messy loan books and murky questions of ownership. Antony Currie reports on the restructuring of the region's banking systems and profiles three of the newly foreign-owned banks.
  • The 1997 Euromoney poll reveals some sharp differences of opinion between borrowers and bankers themselves about which are the best capital market intermediaries. But JP Morgan stays the overall favourite. By Rebecca Dobson.
  • Emerging market governments may be keen to attract foreign equity investment, but, as foreign investors in Russia are learning, the lack of legal protection threatens to stop such investment in its tracks. By Christopher Stoakes.
  • Since Anatoly Chubais became finance minister, Russia's stock has risen dramatically. The architect of privatization is now pushing ahead with wide-ranging economic reforms, to the delight of the international community.
  • Deals of the Year
  • Not all the central bank governors in Hong Kong this September for the IMF/World Bank annual meetings are staid middle-aged men in suits.
  • The development of the simple syndicated loan into a more liquid security advanced a stage further this summer with two groundbreaking financings which arranger Donaldson Lufkin & Jenrette (DLJ) describes as bond/loan hybrids.
  • A budget, a new credit policy and a report into currency convertibility, all introduced in the first half of this year, have boosted investor confidence. Phillip Moore analyzes their significance.