Wealth by Association: Global Prosperity through Market Unification |  | Authors: John C. Edmunds, John Marthinsen
Publisher: Praeger
Category: Book
List Price: $67.95
Buy New: $33.70
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Seller: plumcircle
Rating:  1 reviews
Sales Rank: 4,541,359
Media: Hardcover
Pages: 264
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 9.7 x 6.5 x 1
ISBN: 1567205291
Dewey Decimal Number: 332.45
EAN: 9781567205299
ASIN: 1567205291
Publication Date: March 30, 2003
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product 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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| Customer Reviews:
Shows the way toward a Single Global Currency December 26, 2003
morrison bonpasse (Newcastle, ME USA)
1 out of 1 found this review helpful
In "Wealth by Association" John Edmunds and John Marthinsen show how the world can move forward to a single global currency. Not only will such a world save on the hundreds of billions of dollars annually wasted today on foreign exchange trading transaction costs, and on avoided currency crises and on avoided currency inflation; the assets of the world will grow because of the elimination of currency risk.
If the decision makers of the world could read this book, they would push much more rapidly toward a single global currency. The concepts in "Wealth by Association" are not rocket science, as the authors show how the U.S. Dollar and the old German Mark are/were "common currencies", as is now the euro.
Bravo for "Wealth by Association"
morrison bonpasse
President
Single Global Currency Association
Newcastle, Maine
www.singleglobalcurrency.org
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