Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...outlook remains marred by the weak dollar and slumping bond prices. The employment report may lead the Federal Reserve Board to conclude that the economy is strong enough to withstand a further rise in interest rates, which would defend the dollar and guard against an acceleration of inflation...
Some of us in U.S. industry think it is time to set the record straight about our trading situation with Japan (World, April 13). An unprecedented rise in the dollar from 1980 to 1985 discounted the price of foreign products in this country, and priced U.S. goods out of many world markets. It was that period that saw this country's trade deficit slip from a modest $25 billion to more than $170 billion and the U.S.-Japan deficit increased fivefold. It certainly did not help that Japan kept its markets glaringly closed to some products and more subtly...
...value of the dollar has fallen nearly 50 percent against other major currencies over the past few years...
While President Reagan recently joined other industrial nation leaders in asserting that the dollar has fallen enough, this drop is expected to ease the trade deficit by making foreign goods more expensive at home and U.S. goods cheaper overseas...
...trade deficit is starting to move in the right direction," said Lawrence Chimerine, president of Wharton Economics. "But most people forget that adjustments bringing this about have a negative side effect: a weaker dollar, wage cuts, a squeezing of purchasing power and a pushing up of interest rates...