During the past fifteen years, financial markets in Latin America have experienced a major transformation. This process and its effects on the nature of risks and policy challenges in Latin America were the focus of a May 2007 conference in Mexico City sponsored by the Representative Office for...

The issue of how companies are financed, notably small companies, has been a recurring topic in the news and in numerous surveys and studies. It is especially relevant in the wake of the recent financial crisis. By using a table of aggregate revenue and expenditure developed by the Central...

When analysing corporate finance, it is necessary to take account of various factors which may cause significant disparities between firms, such as their size and their sector of activity. Taking account of the size aspect, by neutralising sectoral disparities, there are few differences between...

Share issues are a significant source of finance for non-financial corporations in Belgium. Between 1995 and 2005, they represented around 32 p.c. of the cumulative new liabilities of non-financial corporations. Share issues are therefore the second most important source of finance, the first...

As entities where the production process takes place, non financial corporations deserve full attention in the analysis of the real and financial accounts. However, the examination of the financial behaviour of non financial corporations is traditionally confined to their financing : thus, the...

Demographic changes over the next 50 years will affect the world economy in many ways. Some of these effects will be beneficial. In developing countries, for example, falling birthrates will enable women to supply more paid labor and families to invest more in the education of each child. Other...

Recent economic disturbances in Latin America-particularly the currency crises in Mexico in 1994-95 and Brazil in 1998-99-have prompted significant research and debate over financial sector reforms and appropriate monetary and fiscal policy for the region. The recent discussion over...