Israel's regulatory easing

ARTICLE - Some $260 billion (290.39 billion euros) in Israeli financial assets is walled up inside the country by regulations, discriminatory taxes and investor conservatism, kept pacified by high domestic interest rates.

First published in the Wall Street Journal Europe, 8 January 2002.

But the gates have started to open and a flood of cash is expected to come out over the coming year and move into foreign-currency investments. Israeli financial institutions have begun to make big changes in the

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