Word: crediting
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Dates: during 1970-1979
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...Eurocurrency market has been one of the most important financial innovations of the postwar era. By opening a vast new source of investment capital, it has furthered international trade and development. But the $1 trillion credit reserve floating free from national or international restrictions also breeds currency instability and inflation. Moneymen figure that they must now correct the problems the Eurocurrency market has created without, in the process, destroying this useful credit system-but nobody is yet sure just how to do that...
...foul-up was not amusing to people who lost millions during October in stocks and bonds. When the overly inflated money numbers were first published, markets plunged for fear that the Fed would rapidly tighten credit and push up interest rates. The nation's central bank responded on cue by draining reserve funds from the banking system...
...most appealing features is liquidity. Nearly all offer instant withdrawal without penalty, and most allow shareholders to write checks to third parties against their investment balance, thus ensuring that savings earn interest right up to the day the check is presented for payment. Still others offer credit lines so that shareholders can borrow against their investment...
...precondition for help Chrysler must win concessions from its bankers, dealers, supliers, executives and workers. Everyone las been reluctant to be the first to act, and some have been downright ornery. Only three weeks ago, nearly one-third of Chrysler's 180 bankers voted against renegotiating its credit lines, arguing that even a federal bailout might not save ;he company. Now that the U.A.W. has Broken the logjam, and with the presidential primaries approaching, support for Chrysler is gaining momentum in the White House, the Treasury and Congress...
Stressing that he works with Harvard, not against it, Crane claims credit for obtaining a Radcliffe building to use as a temporary home for the Observatory Hill Branch Library...