Word: dollarization
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Dates: during 1980-1989
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Many Americans cannot get along without French clothing, wine and perfume, even if the value of the dollar is falling. But do Americans need a French department store? A Denver-based developer, Realities Inc., thinks so. Hoping to capitalize on one of the great names in European retailing, Realities has opened the first U.S. franchise of Paris' 122-year-old Printemps department- store chain...
Oberlin students who have hoodwinked campus change machines with photocopied dollar bills are foolishly risking decades in prison, say Secret Service officials...
...regain control of its economic destiny, it will have to do far more than let its dollar fall. A weakened dollar is no substitute for forceful action to reduce the budget deficit, which would not only ease demand for foreign capital and imports but show that America had the political will and leadership to put its house in order. Nor will a devaluation remove the need for U.S. manufacturers to improve their quality and efficiency and learn how to promote their products in foreign markets. A gradually declining dollar may be a painful necessity now, but the U.S. should never...
BUSINESS: To avoid a recession in 1988, Washington makes a sacrifice: the dollar...
...pouring money into the economy and easing interest rates, the U. S. allows the dollar to plummet against other major currencies. Although most economists agree the dollar' s fall is inevitable, it is a dangerous move that will carry a new set of economic risks. Meanwhile, the U. S. is making progress toward cutting its budget deficit and encouraging global economic coordination...