Too often macroeconomic trends and long term growth prospects are considered in isolation from the very real effect of the physical, social and economic structures. This is particularly so in the case of Angola as its huge flows of revenue from mineral exports collide with the legacy of external...

The effect on commercial banks of exposure to large amounts of developing country debt has been a topic of increasing concern in recent years. Fear of default on the part of the debtor countries has led to fears for the solvency of the creditor banks since in many cases the total of outstanding...