The Chinese have let it be known since the death of Mao Zedong and the purge of the “Gang of Four” that they would in future draw on credits from foreign governments as well as other sources to finance imports of technology. According to western conjectures China’s capital requirements may...

Two developments are currently shaping Europe's financial and foreign exchange markets: Innovations, including the private use of the ECU, and the erratic fluctuations of the US dollar. Professor Nydegger analyses the causes and effects of these developments from the perspective of the world...