Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...computer terminal and sharpen his pencils before the first crisis. To a remarkable degree, everything was going Alan Greenspan's way, as the nominee prepared for the Herculean job of succeeding the retiring Paul Volcker. The Dow Jones industrial stock average zoomed to a new peak of 2572.07. The dollar, which had spent much of the past two years in a free fall, seemed to be holding its own. After hearings that Wisconsin Democrat William Proxmire described as a "love feast," the 20 members of the Senate Banking, Housing and Urban Affairs Committee voted unanimously to recommend Greenspan's confirmation...
...last only so long before the Fed nominee will have to deal with a flare-up among the many long-term economic woes the U.S. faces. America's giant twin deficits, in trade and the federal budget, are improving slowly but remain daunting. Their persistence could help send the dollar plunging again and pressure the Fed to bolster the currency with higher interest rates. Inflation has returned as a potential threat, while the Third World debt dilemma refuses to go away. America's aging economic expansion, now in its 56th month, is entering a precarious stage, increasing the odds that...
...source of Peru's financial crisis is its faltering economy. Peruvians, who have watched their savings being ravaged by a 100% annual inflation rate, have been rushing to exchange their own currency, the Inti, for U.S. dollars that can be invested abroad. Under Garcia's new edict, the nationalized financial institutions will monitor and control all dollar sales, with the aim of keeping what remains of Peru's capital at home...
...televangelists and how well are those multimillion-dollar stewardships handled? What exactly happened at PTL? Could it affect other major television ministries? To answer these important questions, which involve hundreds of thousands of devout Americans and the huge amounts of money they give, TIME conducted a month-long investigation of these often secretive organizations. In the process of piecing together a comprehensive picture of the inner workings of PTL and other ministries, correspondents scrutinized hundreds of documents and crisscrossed the U.S. to speak with the key performers and more than 100 inside sources, many of whom had previously refused...
...week. Since the beginning of the year the Dow has risen fully 614.09 points, or more than 30%, a bounteous half-year return by any standard. One reason for the latest rally is a huge improvement in company profits, thanks to corporate streamlining and a declining U.S. dollar, which has boosted export sales...