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Globalization of Markets

The German mark is the key currency in Europe and its value will affect the equilibrium bilateral exchange rates of the other currencies in the European Union. . . . . . . . . . . . . . . . . . . . . . CLARK Concepts of Equilibrium Exchange Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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