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  • Opinion
    Front end
    Edited by Steven Irvine
    September 01, 1996
  • Back in the fold?
    Edited by Brian Caplen
    September 01, 1996
  • Self-starter is falling behind
    Slovenia was in economic pole position in eastern Europe when communism collapsed in 1990. But it has now fallen behind its neighbours, held back by lack of investment and political uncertainty in the former Yugoslavia. Many companies are 60% owned by management and employees, and often do not welcome outside investors. The investment companies formed to buy into privatization have disappointed, with few taking a positive approach. This could be starving Slovenia of much-needed funds. Gavin Gray reports
    September 01, 1996
  • Opinion
    Lower growth: a dream, not a reality
    by David Roche
    September 01, 1996
  • Cost-cutting takes a private road
    Brazil's privatization programme has been given a new lease of life. With no fiscal constitutional reform in sight, the government has accelerated the sale of the biggest public utilities as the best way to downsize the public sector. And that's vital if the Real Plan is to stay afloat
    September 01, 1996
  • Arab 100: 1996
    Despite measures by some governments to curb expenditure, withdeflationary effects on economic growth, the health of Arab banks remains good.Banks from the Gulf Cooperation Council states, particularly Saudi Arabia and Bahrain, continue to dominate the top 100 rankings. Martin Gallagher and Andrew Ioannou analyze the latest results.
    September 01, 1996
  • Hungary: Taking shareholder value on board
    The concept of shareholder value is transforming the way Hungarian companies communicate with investors ­ at least it is for the 50 or so companies traded on the Budapest Stock Exchange. By Henry Copeland
    September 01, 1996
  • Benchmarking
    Country risk Sep 1996: Asia's economies start to slip
    In Euromoney's semi-annual ranking of country creditworthiness, the winners are the emerging countries of east and central Europe. But south-east Asian economies and even Japan ­ are looking riskier, as debt ratios worsen and monetary instability spreads. Commentary by Rebecca Dobson.
    September 01, 1996
  • Awards
    Central bank governor of the year 1996: Antonio Fazio – unfazed and very independent
    Antonio Fazio, governor of the Banca d'Italia since May 1993, has steered the Italian economy towards low inflation and further enhanced the central bank's reputation for independence.
    September 01, 1996
  • Beware the maverick sovereign creditor
    The next cycle of sovereign debt default will be different from the last. Lawyers hope that the mechanisms for coping with it will have evolved as well. By Christopher Stoakes
    September 01, 1996
  • Corruption: The search for the smoking gun
    Watch out! A hit squad of World Bank auditors could be making a surprise visit to a project near you. This is the Bank's first serious attempt, led by president James Wolfensohn, to address corruption head on. But nailing the culprits ­ some of them dictators and governments ­ is not so easy. By Michelle Celarier
    September 01, 1996
  • The quest for a risorgimento
    Italy's almost 1,000 banks are the least profitable in Europe and depend heavily on traditional loan income. Consolidation of institutions and diversification of products is seen as inevitable, particularly if further privatizations are to succeed. Philip Moore reports on the problems and progress of reconstruction
    September 01, 1996
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