... and to invest them in government treasury bills and credit. When the government announced its default on these government treasury bills the main parts of the banks’ assets were frozen. Some considerable Dollar savings had thus effectively passed to the government. Moreover, Russian banks had not hedged against...

... in Bangladesh but also in 50 countries across Asia, Europe, Africa, Oceania, and in the USA. Moving onto the implementation of Grameen‐type micro‐credit systems in Europe, or elsewhere, the differences in socio‐culture, economics and politics (between Bangladesh and the region concerned) should be considered...