Healthy discussion

Sometimes you just have to bite the bullet. This month's cover story questions whether depositary receipts are really necessary in a world of truly international capital markets. As the story points out, depositary receipts were originally developed in the 1920s as a means of facilitating international investment. But things have moved on since then. Indeed, the investing world has moved on since DRs started making their presence felt in the 1980s. Then they were a means of helping