That seems to be changing, currency expert Jens Nordvig of Nomura argues.
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The idea that using borrowed money to buy assets is the smart road to riches might lose currency, changing attitudes to home ownership as well as to parts of the finance sector such as private equity.
The growing trend of multinationals shifting some of their product sourcing from China to other countries in Asia has been driven by a combination of rising labor costs, worker shortages, inflation, currency appreciation and changing policies.
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Or it is a generalised, defensive fear: globalisation, say, or the arrival of Europe's single currency, are changing the economic landscape and making firms' lives more uncertain creating a strong incentive for the insecure to leap into bed with one another, the better to prevent their beds from being taken away altogether.
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However, overall success of interventions in changing the long-term path of a currency is less certain--and they only seem to work when nations coordinate their efforts--highly unlikely in this environment.
The single European currency is one reason why such firms are changing their attitude towards shareholders.
This survey has shown that the currency will nevertheless have an immense impact, changing the way European companies think and operate.
Analysts said the main effect of the changing U.S. political landscape would be felt in the Asian currency markets, rather than in equities.
The European Union is already changing to meet the needs of the 17 members who are part of the euro single currency, Cameron said.
The European Union is already changing to meet the needs of the 17 members who are part of the euro single currency, he said.
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