Clash of views on global economy kicks off world forum

Article Abstract:

Leading business executives attending the 1998 World Economic Forum in Davos, Switzerland, have expressed very optimistic views about growth prospects for their companies and for the world economy as a whole. In contrast, economists and market experts have been much more cautious, with some even warning of very difficult trading conditions. Institute for International Economics Director Fred Bergsten expressed the view that economic growth in Asia as a whole could fall to zero in 1998 and 1999.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Forecasts and trends, Economic development, World Economic Forum, 1998 AD

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Why the City should fear the single currency

Article Abstract:

It is possible that the City of London's position as the leading financial centre in Europe will eventually be lost. This possibility seems very remote at present, especially as almost all the leading continental European institutions involved in investment banking and capital market activities are establishing a presence in the City of London. However, its influence is likely to wane with the creation of European economic and monetary union.

Financial Services, Finance and Insurance, United Kingdom, Planning, Financial services industry, European Monetary System

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Dealing with extremes of market behaviour

Article Abstract:

There is growing enthusiasm for the creation of some form of international fixed exchange rate system, particularly among policy makers in the Far East. It is possible to understand why this approach may appear attractive, but adopting an international fixed exchange rate system would actually be very misguided. A better solution would be to improve transparency and supervision and to consider more appropriate macroeconomic policy.

Foreign Exchange & Reserves Policy, Prices and rates, Foreign exchange, Foreign exchange rates

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