Word: dollarization
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Dates: during 1980-1989
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...other hand, recent success monetary policy in reducing inflation suggest that a return to the easy money of the 1970's is unlikely. The outcome of the budget debate will thus have a very strong impact on interest rates, the value of the dollar, and U.S. competitiveness. It will not be the only in-fluency, however. Passage of tax reform legislation could also have a major bearing on competitiveness. At present U.S. tax policy favors sheltered domestic industries, notably housing, shopping centers and office buildings at the expense of other areas, notably manufacturing. The Treasury's tax reform proposals would...
...roles of the public and private sectors in dealing with the working poor. Savings rates could be expected to rise sharply, interest rates to return to historic levels, manufacturing investment to rebound, and the trade deficit to diminish dramatically over the period and rising investment plus a declining dollar--reestablishing U.S. competitiveness once again...
Under the ground rules of the challenge, which has also been used successfully at Dartmouth and Princeton, the 27 benefactors would match every two dollars of new giving with a dollar of their own. At the time of the fund's announcement, the campaign total stood at just over $275 million, meaning that the rest of Harvard's friends had to come up with $50 million in 11 months...
John W. Blodgett '23, retired Michigan lumber company' executive and multimillion-dollar donor of, among other things, Blodgett Pool: "Oh, I don't know. I've always been a Harvard man, and when they needed funds and I've had some. I've given them...
...Tunik's 107-page document concerned the financial turmoil of October 1983, when investors sold off shares of Israel's major banks, forcing the government to shut down the Tel Aviv stock exchange for two weeks. By the time trading resumed, bank stocks had lost a third of their dollar value, and the government had pledged to buy the shares at precrash prices to keep investors from taking a beating. The collapse heightened an economic crisis that drove Israel's inflation above 1000%, at an annual rate, last October and continues to threaten the country's political stability...