Environment of international trade is shaped by both economic and social factors. Legal framework may influence the trade by both those channels simultaneously by changing contract terms directly and by influencing conduct of parties to a transaction. This is the case of jurisdictional...

The paper presents a non-technical survey of some of the issues involved in the design of stabilization policy 10 developng countries with special emphasis on policy responses to external shocks. First, the six imost imortant external economic parameters of developing countries are reviewed; I)...

A Opening Addresses -- I International Lending in a Fragile World Economy -- II International Lending in a Fragile World Economy: The Point of View of a Commercial Banker -- III International Lending in a Fragile World Economy: A Supervisory Perspective -- B The Growth of International Lending:...