In 2001-03 the municipal bond market in Mexico was among the most active in the developing world. Government officials had found a way to dramatically enhance the creditworthiness of local government debt without using sovereign guarantees. The technique, adapted in part from private sector...

Today, an increasingly important role in the economy is being acquired by informatization processes. Digital technologies simplify information transfer and accelerate these processes. The effective use of various complex banking technologies, as well as the use of information and communication...