Review of 1997Economic reforms in Argentina over the past few years have led to fast economic growth-a process that was interrupted in 1995 by a crisis in confidence fueled by […]
Category: Magazine
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Riding out the storm
It seems as if Brazil’s capital markets are fending off attacks on all fronts these days. A recession at home and investor aversion to risky emerging markets are taking their […]
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Rocky Rebound
Yearly inflation rates of 80%, the currency down in value to 2.5 or even lower against the dollar, negative GDP, and noncompliance with International Monetary Fund goals. Such were the […]
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A revived economy is still a long way ahead, despite renewed optimism among Colombians,
There really isn’t much difference between the Colombia of Ernesto Samper’s government and the Colombia of Andres Pastrana’s government-except, of course, for credibility and hope.It seems, at least, that hope […]
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Vaulting the Bluffs
Brazil’s big banks have developed an extraordinary ability to thrive in almost any environment.They have lived through inflation, government debt defaults and over half a dozen new currencies in the […]
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Arminio Fraga Interview
When Arminio Fraga speaks, people listen. Or so say those who have watched him, over the last six months, oversee a complete turnaround in Brazil’s monetary policy. After the six- […]
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Visible Hand
Francisco da Costa e Silva, chairman of Brazil’s capital markets watchdog the Comissão de Valores Mobiliarios (CVM), has established himself as a leading promoter of regulatory changes and a modernizer […]
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Banespa Robbery
In the dawn hours of July 5,thieves stole $19.8 million from the state bank of Sao Paulo’s central downtown agency in Brazil’s largest bank heist to date. The ensuing manhunt […]
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Bolstering Bigness
Brazil is not known for its affinity for consolidated corporate control. So the recent bevy of mergers and acquisitions there has come as a surprise to many Brazilians who had […]
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Brazilian Banking
In the past few years, United States and European money managers have launched operations in Brazil, offering institutional and individual investors a level of expertise previously unknown here. These firms, […]