\u003cp\u003eThe third volume of this yearbook provides articles, comments, and analyses of developments throughout the previous year. A special focus section highlights the most significant legal issues raised by the formation of a single currency in the ongoing process of economic and monetary union in the European Union.\u003c/p\u003e\n\u003cp\u003e\u003c/p\u003e\n\u003cp\u003eAuthors of major articles in this edition include Thomas Baxter of the New York Federal Reserve Bank, Professor Richard Dale of the University of Southampton, John Berchild of Sheppard, Mullin, Richter \u0026 Hampton (Los Angeles), and Professor Marc Steinberg of SMU School of Law.\u003c/p\u003e\n\u003cp\u003e\u003c/p\u003e\n\u003cp\u003eCommentary is provided on subjects including international financial standards and the transition economies, legal and practical aspects of recovering debt from Russian financial institutions, New Zealand's alternative approach to banking supervision, and regulation of foreign bank access in China.\u003c/p\u003e\n\u003cp\u003e\u003c/p\u003e\n\u003cp\u003eRecent developments, as with previous editions, cover all major areas of the world. This year includes analysis of China's new securities law, the development of the Financial Supervisory Authority in the UK, regional integration and trade liberalisation in southern Africa, and problems created by government intervention in the Hong Kong stock market.\u003c/p\u003e\n\u003cp\u003e\u003c/p\u003e\n\u003cp\u003eThis volume will appeal to anyone with an interest in international financial and economic law throughout the world, a subject to which this volume, as with its predecessors, makes a significant contribution.\u003c/p\u003e
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