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Circadian Rhythms: The Effects of Global Market Integration in the Currency Trading Industry

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This essay assesses the impact of global market integration in the currency trading industry as the market interfaces with states, with firms and with individuals, and raises questions for research from a variety of disciplines. Issues discussed include the question of state control in global markets, the impact of globalization on firm structures and processes, how firms can derive competitive advantage from global circadian rhythms, and the influences of the circadian rhythms of the global market on the individuals who work in this industry.

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*Srilata Zaheer (Ph.D., Sloan School, MIT) is assistant professor in the Carlson School of Management at the University of Minnesota. Her research interests include the liability of foreignness, the transfer of knowledge across borders, and the integration of management processes in multinational firms, especially in the financial services industry. Professor Zaheer has recently been named senior fellow of the Wharton Financial Institutions Center of the University of Pennsylvania.

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Zaheer, S. Circadian Rhythms: The Effects of Global Market Integration in the Currency Trading Industry. J Int Bus Stud 26, 699–728 (1995). https://doi.org/10.1057/palgrave.jibs.8490817

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