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Article Abstract:

The European Bank of Reconstruction and Development will probably choose Jean Lemiere as president this week. Mr. Lemiere should decentralize operations, make a shift into new-economy sectors, and more quickly expand business eastward.

Column, International relations, European Bank for Reconstruction and Development, Lemiere, Jean

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The yen puzzle

Article Abstract:

The Bank of Japan has intervened to prevent further rise of the yen against the American dollar, but counter measures including low interest loans have kept the money supply from growing.

Japan, Administration of General Economic Programs, Currency Stabilization Programs, Intnl Banking Services, International Trade Financing, Editorial, Prices and rates, Economic policy, Obuchi, Keizo, Currency stabilization, International banking, Bank of Japan, Yen (Japan)

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European banks begin to boost cross-border payments system

Article Abstract:

Banks in Europe are beginning to strengthen cross-border payment systems. Currently, domestic electronic transfers are more prevalant than cross-border ones.

Electronic computers, Electronic Computer Manufacturing, Computer terminals, Other Computer Peripheral Equipment Manufacturing, Functions related to deposit banking, Electronic Funds Transfer Systems, Other Telecommunications, Money Transfer Telecom Services, Electronic Funds Transfer Terminals, Remittance Processing Systems, Usage, Technology application

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