Download As PDF USAID gives substantial assistance to countries in Africa, and worldwide, to develop their securities markets. A significant part of this assistance concerns laws and regulations that govern the issuance of securities and their trading, particularly on...
Download As PDF Novel legal problems presented by the recent emergence of new payment systems have prompted some to call for revision of article 4 of the Uniform Commercial Code. Others suggest that private contract can deal with the issues raised by most new...
Download As PDF This paper recounts some well-known problems confronting European monetary union (EMU), such as withstanding asymmetric shocks and maintaining domestic political support. It then examines how a speculative attack could damage a target country’s banking...
Download As PDF Résumé Alors qu’elle constitue le plus important moyen de règlement interbancaire aux Etats-Unis, la télétransmission des ordres de virement ne fait l’objet d’aucune réglementation juridique appropriée dans ce pays. En effet, les...
Download As PDF The Community Reinvestment Act (CRA), enacted in 1977 during the Carter Administration, requires federal banking agencies to encourage banks and thrifts (banks, for short) to meet the credit needs of their local communities (including low and moderate...
