Paper gains

Article Abstract:

A paper currency was developed in 17th century Sweden by Johan Palmstruch, founder of the Stockholm Banco, which issued the currency in 1661. The experiment was initially successful until too many notes were issued and it crashed. The notes were not easy to forge, but doubts arise as the supply increased. John Law tried a similar venture in France that crashed in 1720. paper money came to be accepted in the 20th century, but there were still problems, such as a period of hyperinflation in Germany.

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New year's bawl: takeovers

Article Abstract:

Control of Trinidad's Republic Bank is disputed by the government and the bank's largest shareholder, Colonial Life insurance carrier. The insurance company wants seats on Republic's board, but the bank opposes such action because Colonial Life already has strong economic pull in the country.

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The four to fear

Article Abstract:

Macroeconomic volatility, or the relation between the health of an economy and the health of banks in that economy, is a significant threat to emerging market banks. Insider lending, government involvement, and financial liberalization also present dangers.

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