Mexico’s former head of state, Ernesto Zedillo, is fashioning a post-presidential career as an advocate for globalization, international development and social justice.
Category: 2001
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Banco Bolivariano Survives the Storm
Miguel Babra Lyon The Ecuadorian banking system collapsed in 1999, and the banks left standing are still reeling from the aftershocks. In July, the Ecuadorian government shut down the country’s […]
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MarketWatch
Virtue is Its Own Reward Transparency International, the Berlin-based anti-corruption group, has unveiled its annual rankings of the world’s cleanest countries. Chile is again the least corrupt country in Latin […]
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Counting on the Currency
Adopting the dollar has helped push down interest rates in El Salvador, to the benefit of borrowers. But there is little evidence that dollarization is helping revive the country’s sluggish economy.
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Going Big, Going Wide
Banorte, Mexico’s leading regional bank, has bought Bancrecer, a bank with a strong branch network in an attempt to create a powerhouse operation that serves the enitre country.
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How Long Can It Go?
The September terrorist attacks on US soil and Operation Enduring Freedom temporarily deflected attention from Argentina’s deteriorating financial situation. But the unflattering glare quickly found its way back to the […]
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In Sickness and In Wealth
As Latin America and the world head toward economic recession, investment bankers gear up for new kinds of offerings. Local mergers, tailor-made products and increased advisory work will shore up bankers’ bottom lines.
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MarketWatch
Argentine Bank Deposits Slide Bank deposits in Argentina peaked in February at $75.17 billion but have fallen almost every month since. Deposit levels are an indicator of the ebb in […]
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Prices are Clearing the Markets
High foreign indebtedness and a large current account deficit combined with a marked increase in risk aversion in the international financial markets have pummeled the Brazil’s currency. The country faces harsher conditions in which to roll over its debt, with higher risk premiums and shorter maturities. Eventually the exchange rate will depreciate to a level such that the current account will be in equilibrium and the existing supply of external finance will match Brazil’s debt rollover needs.
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Secondary Marketplace
Aracruz cellulose mill in Brazil. VCP Buys Stake in Aracruz Brazilian pulp and paper producer Votorantim Celulose e Papel (VCP), part of the Votorantim conglomerate, may have taken the first […]