Now that the end is in sight for Argentina’s agonizing debt crisis, it is time the world financial system think more seriously about two important issues related to the country’s […]
Category: 2001
Posted inMagazine
Tailor-Made Regulation
Virtual organizations can help solve the real problem of bank failures. Canada’s Deposit Insurance Corporation operates as a flexible, multi-tier virtual organization that is scalable to the asset balances under its management.
Posted inMagazine
Where is the Reality Check?
The crisis in Argentina dramatically demonstrates how little the international financial community has learned from the string of crises that have erupted in the emerging markets over the last few years. And there is little sign that Latin America’s latest debt crisis will make a difference.
Posted inMagazine
A Competitive Coupon for PDVSA
The Venezuelan national oil company’s oil-backed bond, with a healthy overcollateralization, garnered investment grade ratings and a 100 basis points price advantage over similar sovereign bonds.
Posted inMagazine
Adding an Edge to Peru
Mirko Stiglich, a young banker with skills honed in the international markets, has returned home to revive Peru’s catatonic capital markets and help integrate the country into the world’s financial system.
Posted inMagazine
Business & Banking
Argentina Clears YPF-Petrobras Swap Argentina’s antitrust regulator approved in mid-November the long-delayed $1 billion swap of refining, retail and other assets between Spanish-owned Repsol-YPF and Brazil’s national oil company Petrobras. […]
Posted inMagazine
Down, But Far From Out
While there are plenty of brakes on the Latin American project finance market, ground-breaking deals are still coming out of the region with bankers offering up creative solutions for a tougher credit market.
Posted inMagazine
Evening out Fiscal Fluctuations
Several countries in Latin America have created reserve accounts to sock away excess revenues from commodity exports. These stabilization funds will soon face their first tests as oil prices continue to sink.
Posted inMagazine
Fair Market Value for All?
The merger of Chile’s Banco de Edwards and Banco de Chile is bound to be good for the banks. But minority shareholders worry that Quiñeco, which controls both institutions, has gotten the better of them.
Posted inMagazine
Guatemala’s Solid Sale
Investors view the Central American country as a higher-quality credit when compared to much of the region. This coveted position allowed the sovereign to secure $325 million at 10.25% in November.