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Boxes |
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2.1. |
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Foreign Capital and the U.S. Boom |
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2.2. |
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Financial Sector Reform in the United States: The
Gramm-Leach-Bliley Act |
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2.3. |
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Financial Stability Challenges Arising from the Introduction of
the Euro |
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2.4. |
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Reports on Highly Leveraged Institutions (HLIs) |
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3.1. |
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Emerging Market Bonds Going Local |
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3.2. |
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Rating Upgrades May Be Helpful for Your Finances |
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3.3. |
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Do U.S. Markets Drive Emerging Market Assets? |
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3.4. |
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Emerging Market Assets: For the Brave? |
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3.5. |
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Technology, Media, and Telecommunications in the Emerging
Markets |
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3.6. |
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Emerging Market Equity Going Global |
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4.1. |
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The Role of OTC Currency Options in the Dollar-Yen Market |
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4.2. |
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LTCM and Turbulence in Global Financial Markets |
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4.3. |
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Motives for OTC Derivatives Transactions |
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4.4. |
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Exotic Options |
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4.5. |
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The Life of a Two-Year Interest Rate Swap |
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4.6. |
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Measuring Potential Future Exposure in a Swap Contract |
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4.7. |
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Sources of Legal Uncertainty in the U.S. Regulatory
Environment |
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5.1. |
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The 1980s Debt Crisis and Private Sector Involvement |
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5.2. |
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Major Interbank Rollovers to Date |
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5.3. |
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Recent Bond Restructurings |
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5.4. |
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Determining Market Access: The Case of Romania |
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5.5. |
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The Workings of the Paris Club |
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5.6. |
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Ecuador and Nigeria: The Next Test for Private Sector
Involvement |
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6.1. |
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The Internet and Cross-Border Banking |
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6.2. |
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Modalities of Foreign Bank Entry |
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6.3. |
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BBVA and BSCH: The Expansion of Spanish Banks to Latin
America |
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6.4. |
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Argentina: Foreign Banks and the Resilience of the Deposit
Base |
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6.5. |
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Cross-Border Supervision: Principles and Current Practices |
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6.6. |
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Bank of Credit and Commerce International |
|
Tables. |
|
2.1. |
|
Net Foreign Purchases of U.S. Long-Term Securities,
1995–99 |
|
2.2. |
|
Outstanding Amounts and Net Issues of International Debt
Securities by Currency of Issue, 1993–First Quarter 2000 |
|
2.3. |
|
Announced International Syndicated Credit Facilities by
Nationality of Borrowers, 1992–First Quarter 2000 |
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2.4. |
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Claims of Banks in BIS-Reporting Countries on Selected Emerging
Markets as of December 1999 |
|
2.5. |
|
Exchange-Traded Derivative Financial Instruments: Notional
Principal Amounts Outstanding, 1986–First Quarter 2000 |
|
2.6. |
|
Annual Turnover in Derivative Financial Instruments Traded on
Organized Exchanges Worldwide, 1986–First Quarter 2000 |
|
2.7. |
|
Global Over-the-Counter (OTC) Derivatives Markets: Notional
Amounts and Gross Market Values of Outstanding Contracts,
1998–99 |
|
2.8. |
|
Global Over-the-Counter (OTC) Derivatives Markets: Notional
Amounts and Gross Market Values of Outstanding Contracts by
Counterparty, Remaining Maturity and Currency Composition,
1998–99 |
|
3.1. |
|
Returns on Different Asset Classes in 1998–2000 |
|
3.2. |
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Net Private Capital Flows to Emerging Markets, 1992–99 |
|
3.3. |
|
Changes in Bank Exposures to Emerging Markets |
|
3.4. |
|
Gross Private Market Financing to Emerging Markets, by Region,
Financing Type, and Borrower Type |
|
3.5. |
|
Significant Ratings Changes for Emerging Market Countries, July
1999–June 2000 |
|
3.6. |
|
Earnings Growth and Valuations Indicators in Emerging
Markets |
|
3.7. |
|
Net Flows into Selected Emerging Equity Markets |
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4.1. |
|
Top 20 Derivatives Dealers in 2000 and Their Corresponding Ranks
in 1999 |
|
5.1. |
|
Private Sector Involvement in Crisis Resolution: Summary of
Positions of G-7/IMF, IIF, and EMTA |
|
5.2. |
|
Estimated Haircuts for Different Emerging Market Bond
Restructurings |
|
6.1. |
|
Foreign Bank Ownership in Selected Emerging Markets |
|
6.2. |
|
Bank Performance Indicators in Selected Emerging Markets
(1996–98) |
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6.3. |
|
Cross-Border and Foreign Bank Lending in Selected Emerging
Markets |
|
6.4. |
|
Assets of Largest Foreign Banks in Central Europe and Latin
America |
|
A1.1. |
|
Japan: Reallocation of Financial Regulatory Functions |
|
A1.2. |
|
Japan: Estimated Uncovered Losses of Major Banks, March
2000 |
|
A1.3. |
|
Japan: Changing Banking Landscape Among Major Banks Since
September 1997 |
|
A1.4. |
|
Status of Industrial Revitalization Proposals Targeted to
Corporate Restructuring |
|
Figures |
|
2.1. |
|
Selected Major Industrial Countries: Exchange Rates, January 1,
1998–June 30, 2000 |
|
2.2. |
|
Implied Volatility: Japanese Yen, Deutsche Mark, and Pound
Sterling, January 3, 1997–June 30, 2000 |
|
2.3. |
|
Short- and Long-Term Interest Rates, January 1, 1994–June 30,
2000 |
|
2.4. |
|
Selected Spreads, January 5, 1990–June 30, 2000 |
|
2.5. |
|
International Bond Issuance by Currency, First Quarter
1996–Second Quarter 2000 |
|
2.6. |
|
Major Industrial Countries: Stock Market Price Indices, December
31, 1998–June 30, 2000 |
|
2.7. |
|
Sectoral Stock Market Indices and Price-Earnings Ratios,
December 31, 1998–June 30, 2000 |
|
3.1. |
|
Changes in FDI and in Other Private Capital Flows |
|
3.2. |
|
Consensus GDP Forecasts for Major Emerging Countries |
|
3.3. |
|
Average Credit Ratings in Emerging Markets |
|
3.4. |
|
Ratings of Emerging Market Bond Issues |
|
3.5. |
|
Yield Spreads on Emerging Market and U.S. High-Yield Bonds |
|
3.6. |
|
Yield Spreads for Selected Emerging Market Eurobonds |
|
3.7. |
|
Average Yield Spreads by Credit Ratings |
|
3.8. |
|
Bond Market Developments |
|
3.9. |
|
Total Returns on Equity |
|
3.10. |
|
Maturity Distribution of Bond and Syndicated Loan Financing |
|
4.1. |
|
Structure of the Over-the-Counter (OTC) Derivatives Markets,
End-December 1999 |
|
A1.1. |
|
Japan: Banking System Strains |