All to play for

Monetary union’s effect on European investment patterns is giving rise to a host of new benchmarks.

Strong demand for foreigners in yen

The pace of yen borrowing in international markets and in the Japanese domestic market by non-Japanese issuers has slowed just slightly in 2001, following last year’s boom.

Bad debts just get bigger

The best guess as to the eventual size of Chinese banks’ bad debts is that they will be many times larger than initial official estimates.

A fleeting moment in the sun

Offered a rare chance to jump into the first rank of transition economies, the jewel of the Adriatic must choose between getting ahead and just getting by.

Borrowing begins at home

With the domestic economy still in a weak state, Japanese corporates are reluctant to go to the relatively expensive international bond markets for funding.