In France, It's a Vintage Year for a New Security

Article Abstract:

A French investment firm has introduced an innovative security on the French stock market. The security consists of cases of fine French wines from 1982, a boom year for the French wine industry. Because the wines were purchased before wine prices skyrocketed, the security is reasonably priced. Although investors can take physical delivery of their wines, most are expected to choose to have them stored at a specified wine firm.

Innovations, Investments, Securities, Alcoholic beverages

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The International Trader

Article Abstract:

West Germany's Bundesbank has increased its Lombard rate, a move immediately imitated by Austria and the Netherlands. The increase is an effort to hold back monetary growth and to stabilize Germany's currency. But the currency markets have long expected this increase, and it seems to have had little effect.

Germany, Finance, Foreign exchange, Money, West Germany

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