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Word: moneymen (lookup in dictionary) (lookup stats)
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Bullish tidings gladden both moneymen and the Administration

Author: /time Magazine | Title: What a Way to Start a Year! | 1/16/1984 | See Source »

...been heavy. Some economists believe it has been responsible for the loss of more than 1 million American jobs. Europeans complain that it could cause their prices to spiral upward. Cash-starved developing nations argue that an overvalued dollar undermines their ability to repay huge foreign debts. When world moneymen gathered in Washington last week for the annual meeting of the International Monetary Fund and the World Bank (see box), some financiers feared that the dollar had become a barrier to recovery around the world...

Author: /time Magazine | Title: Too Big a Bang for the Buck | 10/10/1983 | See Source »

...fact, a number of European fiscal leaders were far more shaken by the feeble dollar than they are by the currency's present strength. A top U.S. financial official met recently with foreign moneymen and asked them bluntly whether they preferred a weak or a strong dollar. The answer: a strong...

Author: /time Magazine | Title: Too Big a Bang for the Buck | 10/10/1983 | See Source »

...robust dollar took seed precisely four years ago during the Carter Administration. At the 1979 annual meeting of the IMF in Belgrade, foreign moneymen told Federal Reserve Chairman Paul Volcker that he had to do something to bolster the then sulking American currency. Volcker returned to Washington and three days later unveiled a strategy for curbing U.S. inflation and stopping the dollar's skid. The plan called for the Federal Reserve to keep extraordinarily tight controls over the growth in money, even if that meant sharply higher interest rates...

Author: /time Magazine | Title: Too Big a Bang for the Buck | 10/10/1983 | See Source »

International moneymen had hoped that the new floating system would enable currencies to find their proper value in relation to one another and would smooth international trade and finance. But the result has been widening gyrations rather than stable, well-aligned rates...

Author: /time Magazine | Title: Too Big a Bang for the Buck | 10/10/1983 | See Source »

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