Suchergebnisse

The book provides a comprehensive study of the banking system in Cyprus from the time that the first bank was founded on the island in 1864. It presents the history of banks and co-operative societies from primary sources and discusses its impressive expansion in the years following independence in 1960. It examines the potential of the offshore banking sector, and the likely effects of financial deregulation and the adoption of the EEC Banking Directives on the future development of the banking system.

Controls of the export of capital are condemned as depriving British industry of the sinews of expansion and denying the economy of opportunities to 'create jobs'. Kate Phylaktis, of the Cit/University Business School, maintains that exchange controls are difficult to enforce, and the difficulties increase the longer controls remain. Whether the restrictions exist or not, exchange rates adjust themselves to the differences in the rates of national inflation.

Politicians from all parties made much during the electlon campaign of the 'erosion of the industrial base'. Kate Phylaktis examines the figures and discovers a fundamental change in the structure of the UK economy. For the first time since the Industrial Revolution Britain is importing manufactures; these are paid for by the surplus earned by the export of services, which now employ more than 60% of UK labour.

This volume considers issues on the management of foreign debt, and the macroeconomic policies that developing countries should pursue. It looks at a variety of the aspects of this subject, such as the scope of securitization and debt reduction via voluntary conversions.