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In a Dollarized World, a Rising Dollar Spells Pain

By May 9, 2018No Comments
The Wall Street Journal | May 9, 2018

Even as U.S. economic influence shrinks, the dollar’s clout in global trade and borrowing is growing, magnifying impact of its rise in value

Economic ties between the U.S. and Argentina are modest, yet Federal Reserve policy is wreaking havoc on Argentina. It also threatens Turkey, Indonesia and others, for the same reason: their imports, exports and a lot of their debt is denominated in dollars.

 

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