The Russian foreign exchange and financial market crisis of summer 1998 was caused by international movements of capital following the Asian crisis, and it plunged the Russian commercial banks into major difficulties. Practically the entire banking sector was hit by acute liquidity shortage. The...

The year 2004 saw Turkey take a big step forward to the European Union, as international investors also believe, and in December last year the European Council opened up real prospects of entry for Turkey for the first time. Agreement was also reached with the International Monetary Fund (IMF)...

December of 2008 marks the 30th year of the beginning of China's economic opening. The country's rapid development since 1978 is without historical precedent. Yet this growth is even more impressive when one surveys the entire period from the founding of the People's Republic in 1949 to present....