Heading for meltdown?
Article Abstract:
There is a danger of a world slump following the crisis in Russia. The crisis is not important in itself but has shown the continuing impact of the crisis in Asia. Emerging market economies and richer countries depending on commodity exports have been hit, and only growth in Europe and the US prevents a global recession. US stock prices have dropped, and further stock price falls could affect US consumption. US interest rates could be cut to help offset this. The Malaysian response of controlling capital flows is inappropriate.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Europe's exchange and mart
Article Abstract:
A link between the stock exchanges of London, England and Frankfurt, Germany, has been seen as the start of a single European stockmarket. Mergers between exchanges are not needed to create a single capital market, as is shown by the case of the US. Regulation of the European marketplace is a key issue which has been little discussed. National regulators tend to want to protect their territory. Competition between regulators could be healthy, though downward regulatory arbitrage is a risk.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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No bears in sight: Central Europe's stockmarkets
Article Abstract:
Stocks in Hungary, Poland, and the Czech Republic are enjoying a broad bull market in 1996, due to such sound economic fundamentals as strong corporate earnings growth and relatively low labor costs. However, liquidity problems and lax regulation are harming investor confidence in these markets.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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