Offshore liquidity dries up

Article Abstract:

Japanese banks engaged in international lending transactions are eliminating their assets abroad to meet the capital-asset standards mandated by the Bank for International Settlements. Japanese institutions reportedly reduced their interbank loans by $225 billion from the end of 1990 to the end of Mar 1992. Japanese banks' decision to withdraw from the global lending scene has ramifications on the international banking system. One result of the decision is the increase in rates of Euro commercial paper which is US dollar-denominated. It is feared that an unabated shrinking of funds in interbank markets will lead to the demise of the markets for commercial paper.

Commercial Banks, Banking industry, Industry Overview, Foreign operations, Japan, Finance, International banking

---

Orphans of empire

Article Abstract:

The economic implications of the USSR's collapse are beginning to manifest in Vietnam, Laos, Mongolia, India, China and Bangladesh. Considerable adverse impact resulted from the severance of the common trade link Comecon, which extended preferential trade among the USSR and some Eastern Europe and Asian nations. The collapse of the trade agreement and withdrawal of financial assistance particularly constrained the economies of Vietnam and Mongolia. However, Vietnam's increasing trade with non-communist Asian nations cushioned the effects of the external trade drop.

Economic aspects, Reports, Vietnam, Communist countries, Asian Development Bank (Manila, Philippines), Council for Mutual Economic Assistance

---

Borderless Asia

Article Abstract:

East Asia should break away from the global trend of economic regionalism and take the lead towards formulating multilateral free trade agreements. According to World Bank officials, freedom from regional trade agreements is one of the reasons why trade in East Asia increased by 17% against a world average of 3% in 1991. The concern of World Bank officials that concentration on regional structures will hamper free trade, has been validated by the failure of the General Agreement on Tariffs and Trade's (GATT) Uruguay Round.

Analysis, World Bank, Asia, East Asia, Trade negotiations, Regionalism, Asia, Eastern

Similar abstracts:

• Abstracts: Offshore revolution. Open skies: new Indian carrier takes on all competition. The new frontier
• Abstracts: A schooling in community values. The enchanted forest. Delights of the global garden
• Abstracts: Public flight path but shrinking sky. A shift of emphasis
• Abstracts: Cashing out? Happy at home. Going nowhere: some Khmer refugees refuse to go home
• Abstracts: The envelope, please: Enron awaits verdict on Indian power project. Treading gingerly

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.