Titlebook: International Banking; Charles Iffland,Pierre Languetin,Zuhayr Mikdashi ( Book 1988 Palgrave Macmillan, a division of Macmillan Publishers

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The Changing Face of Banking Services and Strategies,n the sense of the further development of the existing condition is both natural and necessary. But evolution becomes a problem when it no longer means a change for the better; and it can turn into a positive threat when it becomes a revolution, calling into question the existing order and threatening to overthrow it.

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,A Developing Country’s Case: The Brazilian Financial System,Up to 1945 the Brazilian Treasury was responsible for the issue of paper money and the management of foreign-exchange reserves, whereas the Banco do Brasil simultaneously performed the functions typical of a central bank and a commercial bank. This situation could be justified by the small size of the Brazilian economy.

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Japan and the Integration of Financial Markets,The subject which we have been asked to discuss is ‘Integration of Financial Markets: Challenges and Opportunities’. The integration of financial markets is already a reality, but being a conservative central banker, I can see only challenges but not necessarily opportunities.

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,The Integration of the Financial Markets—A French Perspective,‘Nothing’s new, only forgotten’, Marie Antoinette’s milliner used to say. One could say the same about the tendency towards increasing integration of the financial markets.

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