The Feasibility of a Common Currency in Asia.
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The world financial markets are becoming an increasingly global marketplace, and emerging economies are being pulled into this rapid pace of financial innovation and globalization at varying speeds. The choice whether to be integrated or not does not solely rest in these countries alone. The big strides in telecommunications and information technology have made it increasingly possible for any nation to insulate itself from the rest of the world.
Europe has pioneered a major change in currencies - they have eliminated the use of national currencies and replaced it with a…
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