When countries go bust

Article Abstract:

There are parallels between corporate bankruptcies and companies going bankrupt. Companies may have assets that are more than liabilities and need funds to pay bills. Creditors may seize assets which may not be realised at their true value. Countries may have more short-term debt than reserves of foreign currencies, but countries's assets can be seen in terms of future gross domestic product as a discounted stream. The International Monetary Fund can provide help in tackling the debt problem, as occurs with corporate bankruptcies.

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Helping themselves

Article Abstract:

Foreign exchange trends in Asia are examined in detail, as are agreements between Asian economies on currency matters. The impact of trends in foreign exchange markets on the economy of the region as a whole is also examined.

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Currency dilemmas

Article Abstract:

Currency management systems and their advantages and disadvantages are examined in detail.

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