ONE PARAGRAPH ON ANSWERING THE BELOW QUESTION
What factors do you think are holding back the creation of a truly global capital market? 
What are the pros and cons, among companies and governments, of replacing national currencies with regional currencies? 
Do you think a global currency would be possible someday? Why or why not?
ANSWER EACH QUESTION, demonstrating mastery of the text (with citations).
ANOTHER PARAGRAPH SAYING WHAT YOU THINK OF THIS PERSON RESPONSE!
A factor that may contribute to the reason why there is not a truly global market can be because of currency convertibility. As the textbook states on page 252, countries that allow full convertibility are those that are in strong financial positions and have adequate reserves of foreign currencies. As this is not the case for many 3rd world countries, implementing them into a truly global capital market is not a possibility. Also, another reason may be some hesitancy and fear of participating in the market due to the financial collapse of 2008 and participation may be seen as too risky by some. The pros of companies and governments replacing national currencies with regional currencies would be the easier facilitation of capital and trade across countries without having the need to convert a particular country’s currency to another. A con of companies and governments replacing national currencies with regional currencies is a member nation that is financially and economically weak who converts to a regional currency will affect all of the member nations who share the same currency. A good example of this is with the EU and Greece. I do not think a global currency can happen one day. I do not believe this is possible because their may be reluctance among nations to ditch their own national currency and take on a global currency. One reason for that is because there may be the possibility of countries who prefer their own currency as they would have the ability to trade goods on the market at lower…