Word: peso
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...desk phone rings, and as I pick it up, I hear the sound of my boss on the other end. “How does the Mexican peso rank right now?” he asks, as always making sure that I’m on track. I silently applaud myself for having just checked this figure and answer my boss as confidently as possible. “Very good,” he says and abruptly hangs...
...have to worry much about your grade; Ec10 offers a “Unit Test” program to take practice exams for bonus points. Combine that with a Core curve set on a B+ average, and your grade will be as inflated as the Argentinean peso...
...record, there are more psychoanalysts per capita in Buenos Aires than in any other city in the world.Argentina’s 2001 default on over $140 billion in international loans imploded the economy, precipitating a massive bank run and widespread civil unrest. When the dust settled, the Argentine peso was trading at roughly four to the American dollar, after a decade of parity. Europeans and North Americans began to trickle into Buenos Aires to take advantage of the exchange rate, and lately the media’s been abuzz about South America’s “best...
...Over the past decade, inflation has been a minor threat compared with brutal deflationary shocks. They started with the collapse of the Mexican peso in the mid-1990s. In 1997, much of eastern Asia's flourishing economy was leveled. Next were Russia, Turkey and Argentina; Brazil teetered on the brink. By early 2001, Silicon Valley, the pride of the U.S. economy, was crashing, while entire sectors of the so-called New Economy disintegrated...
...continue to keep prices largely in check. Indeed, if anything, central banks in their determination to kill inflation before it happens may already have tightened too much. Over the last decade, the world has experienced a series of brutal deflationary shocks. They started with the collapse of the Mexican peso in the mid-1990s. In 1997, much of eastern Asia's flourishing economy was leveled. Next were Russia, Turkey and Argentina; Brazil teetered on the brink. Meanwhile, Silicon Valley, the pride of the U.S. economy, was crashing, while entire sectors of the so-called new economy disintegrated. And Japan...