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Central banks

A passage to India

Regulatory scrutiny and cost concerns have prompted many global investment banks to cut investment in credit research. One option to make up the shortfall is to outsource the number-crunching to cheaper centres such as India. But is it a good idea? Nadia…

The German deficit dilemma

German municipalities are turning to the derivatives market to manage the interest rate risks on their massive deficits. Will these instruments relieve their problems or add to them? Rachel Wolcott investigates

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