The financial crash of October 1987 demonstrated that the world's capital markets are.integrated more closely than never before and events in one part of the global village may be transmitted to the rest of the village -almost instantaneously.

• Aintegrated more closely than never before and  
• Bclosely integrated more than ever before so  
• Cmore closely integrated as never before while  
• Dmore closely integrated than ever before and that  
• Emore than ever before closely integrated as