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I am looking for an adjective to describe that an event occurring in the United States can have impact on the European market. The first word coming up to my mind is "transcontinental" and the sentence I write is

In building the model, we should also take into account the transcontinental effect of bankruptcy of the US banks.

However, I don't find "transcontinental" to be an ideal choice. According to the first search result returned by google, transcontinental means "(especially of a railway line) crossing a continent.", so it seems that it is more appropriate to use the word to describe a physical entity.

So can anyone recommend a more suitable word? Or maybe transcontinental is a good choice and I have some misunderstanding? Many thanks in advance!

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    Intercontinental might work for you. – J.R. Jul 5 '18 at 21:19
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Transcontinental would apply to an effect or influence by one side of a continent on the other, not to the effect of one continent on another. What separates America and Europe is an ocean. In business and cultural contexts, one frequently sees discussion of transatlantic effects:

Barack Obama's brave attempt to reform the U.S. healthcare system had an unexpected transatlantic effect

Amplifying this transatlantic effect for purchasers of the 1893 volume in which the poem appeared were its illustrations

Queen Alexandra's letter did have a positive, if transatlantic, effect. The president of the U. S. Audobon Society sent a copy to President Theodore Roosevelt

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    It's a bit of an oddity, this one. As you say, transcontinental is normally understood to mean continent-wide (but contained within a single continent, not intercontinental, spanning multiple continents), whereas transnational normally means multinational, not nationwide. – FumbleFingers Reinstate Monica Jul 5 '18 at 17:29

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