Word: internationale
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Dates: during 1970-1979
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Kreps proved to be a talented bureaucratic infighter, despite her soft-spoken manner. She persuaded the White House to transfer to Commerce some of the Treasury Department's import-regulating duties. She also caused Commerce to take a more active role in promoting international trade. In May she initialed...
Mrs. Gandhi had no illusions about what Nixon was up to. She faced her own conflicting pressures. Though she had contributed no little to the crisis atmosphere, by now it had its own momentum, which, if she did not master it, might overwhelm her. Her dislike of Nixon, expressed in...
The madness, as usual, was not over precious metals so much as money-specifically the battered U.S. dollar. Once again greenbacks were being sold off heavily in world markets in exchange for more robust currencies. Struggling to keep the buck from plunging further, which would hurt West German exports, the...
Though the greenback strengthened a bit late last week as the markets anticipated new dollar defense moves, worry remains deep about the future of the monetary system that helped create the world's postwar prosperity. The central problem is the roughly 1 trillion footloose dollars that slosh around banks...
The Bundesbank's Pohl sees the world "moving inexorably toward a multicurrency arrangement." The European Monetary System is anchored on the German mark, while the Japanese yen is developing an important role in Asia as a trading currency. The oil-backed Saudi Arabian riyal could be a new powerhouse...