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- W1569378678 abstract "Global integration of financial markets and the internationalization of the modern corporation are indicators of the openness of the world economy. Economists argue that an open world economy increases economic efficiency by enabling resources to flow to their most productive uses. Investment banking firms contribute to the enhanced efficiency of a global economy by intermediating the process of capital formation, servicing the rebalancing of investor portfolios, facilitating the transfer of corporate control, and enabling risk /return decomposition through financial product innovation. The investment bank not only contributes to the process of international integration. It is also affected by it." @default.
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- W1569378678 date "1992-01-01" @default.
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- W1569378678 title "The Competitive Impact of Foreign Underwriters in the United States" @default.
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