This report seeks to shed light on the characteristics of currency carry trades in Latin America. Partly reflecting the degree of financial market integration and development, as well as the effects of regulation, carry trades in the region have typically been implemented by taking long forward...

ince the beginning of 1997, a currency and/or banking crisis broke out in several transition countries (Bulgaria, Romania, the Czech Republic, Russia, Ukraine). In 1995, Hungary avoided a financial crisis by adjusting properly her macroeconomic policies. Financial markets in transition countries...

Die Feststellung, daß sich das weltwirtschaftliche Gravitationszentrum zunehmend in den asiatisch-pazifischen Raum verlagert, gehört mittlerweile zu den Gemeinplätzen internationaler Politikanalysen. Mindestens ebenso bemerkenswert ist jedoch die verstärkte innerregionale Kooperation auf...