Geography of Montserrat Geography of Montserrat Montserrat is an island in the Caribbean Sea, in the Leeward Islands. Its nearest neighbours in the island chain include Guadeloupe to the south-east, Antigua to the north-east and Nevis to the north-west. The island is 16 km (9.9 mi) long and 11 km (6.8 mi) wide, with a coastline of about 40 km. The island is volcanic and largely mountainous. The Soufrière Hills volcano became active in 1995, causing widespread devastation, including the destruction of the capital and formerly largest settlement on the island, Plymouth. The southern part of the island is now uninhabitable and human
Long-Term Capital Management September, LTCM's equity tumbled from $2.3 billion at the start of the month to just $400 million by September 25. With liabilities still over $100 billion, this translated to an effective leverage ratio of more than 250-to-1. Long-Term Capital Management did business with nearly every important person on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on