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Wealth by Association: Global Prosperity through Market Unification



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European monetary unification has produced a $15 trillion windfall to its member nations that is rarely discussed or accounted for in analyses of economic integration. Edmunds and Marthinsen argue that the reduction in cross-border risks--foreign exchange uncertainty, inflation d... Read more
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Features
Author John C. Edmunds,John Marthinsen
Format Hardcover
ISBN 9781567205299
Publisher Praeger Publishers
Manufacturer Praeger Publishers
Description

European monetary unification has produced a $15 trillion windfall to its member nations that is rarely discussed or accounted for in analyses of economic integration. Edmunds and Marthinsen argue that the reduction in cross-border risks--foreign exchange uncertainty, inflation differentials, competitive devaluations, and protectionism in financial services, among other--is directly responsible for an explosion in the value of fixed income assets and share prices.

They explain how this wealth accumulation began to accrue even before the Euro was formally adopted. Could the same thing happen in Latin America or Asia?


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Wealth By Association - Global Prosperity Through Market Unification (Hardcover)
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