Word: fixedly
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Dates: during 2000-2009
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...effort to free international trade and fund postwar reconstruction, the member states agreed to fix their exchange rates by tying their currencies to the U.S. dollar. American politicians, meanwhile, assured the rest of the world that its currency was dependable by linking the U.S. dollar to gold; $1 equaled 35 oz. of bullion. Nations also agreed to buy and sell U.S. dollars to keep their currencies within 1% of the fixed rate. And thus the golden age of the U.S. dollar began...
...Fix It We are now facing a liquidity problem, a solvency problem and a macroeconomic problem. We are in the first phase of a downward spiral. It is, of course, part of the inevitable process of adjustment: returning housing prices to equilibrium levels and getting rid of the excessive leverage (debt) that had kept our phantom economy going...
...identify borrowers in trouble and modify their loans has been more successful. As of October, the Hope Now Alliance says it has helped 2.3 million borrowers stay in their homes. But only a third of those homeowners actually got loan modifications. The rest got some kind of short-term fix from their lender, such as forgoing a missed payment or giving a few months' reprieve in making payments - and consumer advocates warn that such measures will land those borrowers back in trouble when their regular mortgage terms resume. What's more, the Center for Responsible Lending estimates that nearly half...
...Another major problem with proposals to buy up bad mortgages is to fix a value for them in a market where the price of houses is falling - buying them at face value could cost more than $1 trillion. And some observers believe that bailouts of individual homeowners will create an incentive for many more Americans to relieve pressure on their household budgets by stopping their own mortgage payments in order to get government help...
...Gang , deputy governor at the People's Bank of China, the country's central bank. Speaking at the International Monetary Fund meeting in Washington on Oct. 11, Yi blamed the crisis on "weak financial-policy discipline" by Western countries and said that they should be the ones to fix the problems they had created. "The major reserve-currency-issuing countries should shoulder the responsibility for preventing further spillovers and minimizing shocks to other countries," Yi said...