Word: dollarization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Ianiere said she had no figures of dollar amounts of the school's endowment that would be affected by the divestiture policy...
TIME's board expects that the trade deficit will at least halt its runaway growth and possibly retreat a bit by the end of 1986. The deficit hit a record $148.5 billion during 1985, largely because an overly strong dollar made foreign goods cheap in the U.S. and American exports too expensive in other countries. But last September finance ministers and central bankers of the U.S. and four other industrial powers--Japan, France, Great Britain and West Germany--launched a successful effort to push down the dollar. It has declined by about 12% since then, first at a gradual pace...
...falling dollar delights U.S. manufacturers because it makes them more competitive with foreign rivals. One negative aspect for American consumers is that the weaker dollar could boost prices of imports, including everything from Sony television sets to BMW coupes...
...popular for the country's leadership to repudiate the loans. Said Thurow: "What better way for the Mexicans to tweak the Yank's nose than to default on all of the debts." That could set off a financial crisis in the U.S., where many large banks still have multibillion-dollar loans to Mexico on their books. De Vries said, however, that financiers were likely to work out yet another package of new credit with the country...
Some reports had it that Chief of Staff Donald Regan was behind the ousting. His dislike of Iacocca stems from the controversies over Chrysler's billion-dollar bailout when Regan was Secretary of the Treasury. But the White House stoutly denied any involvement in Hodel's decision, and the Secretary agreed that he had swung the hatchet without help. When Regan learned about Hodel's decision, he said simply, "Fine, it's his call...