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Currency in sentence

4390 examples of Currency in a sentence

BERKELEY – For more than a half-century, the US dollar has been not only America’s currency, but the world’s as well.
They would be compensated for inflation and currency depreciation in the US and Europe, since the payout would depend on these economies’ nominal, not real, GDP.
Yes, the dollar would remain the world’s main reserve currency even after a gratuitous bout of default; there is simply no good alternative yet – certainly not today’s euro.
The privilege of issuing the global reserve currency confers enormous advantages on the US, lowering not just the interest rates that the US government pays, but reducing all interest rates that Americans pay.
For southern Europe as a whole, the single currency has proved to be a golden cage, forcing greater fiscal and monetary rectitude but removing the exchange rate as a critical cushion against unexpected shocks.
The UK, of course, famously (and wisely) opted out of the single currency even as it is now moving (not so wisely) to withdraw from the European Union and the single market entirely.
If so, the premature adoption of the single currency is best thought of as a detour through thick, wet cement.
Either way, eurozone leaders would be better off taking action now, rather than waiting for the single currency’s next moment of truth.
About a decade ago, with massive trade surpluses bringing in a surfeit of hard currency, the Chinese government began to take on costly overseas commitments and subsidize deadbeat “allies.”
When investment moves back into dollars, the currency fluctuations in these less liquid markets can become excessive.
Excessive currency volatility is not in America’s interest, not least because large exchange-rate depreciations in emerging markets would amplify the effects of globalization on US jobs, wages, and inflation, particularly as weaker foreign currencies make outsourcing a more economically viable solution.
One reason for this is that much of the eurozone countries’ trade is with other eurozone countries that use the same currency.
Merkel and Sarkozy need to make the case that if the euro is to become a normal currency, Europe needs a normal central bank – one that does not merely target inflation like an automaton, but that also understands its responsibilities as a lender of last resort.
This is a situation where earnings from oil exports drive up the value of the currency, reducing the competitiveness of other domestically produced products.
Indeed, it was not until after the eruption of the 1994-1995 peso crisis that the world learned that Mexico’s private banks had taken on a significant amount of currency risk through off-balance-sheet borrowing (derivatives).
Given that the lending was denominated primarily in US dollars, it is subject to currency risk, adding another dimension of vulnerability to emerging-economy balance sheets.
In Venezuela, where the national currency is in freefall, bitcoin has become the leading “parallel currency” to pay for basic goods and services – including medical bills.
The Deutsche Mark, already widely used in the region, now functions as the de facto common currency.
If the ECB wants to reduce the value of the euro and increase the eurozone’s near-term inflation rate, the only reliable way to do so may be by direct intervention in the currency market – that is, selling euros and buying a basket of other currencies.
The model of a federal union that emerged from its history consists of a single currency managed by a federal agency; closely integrated markets for products, labor, and capital; a federal budget that partly, but automatically, offsets economic disturbances affecting individual states; a federal government that assumes responsibility for tackling other major risks, not least those emanating from the banking sector; and states that provide regional public goods but play virtually no role in macroeconomic stabilization.
This model served as a template for the European Union’s architects, notably for the creation of a unified market and a common currency.
As a result, currency unification has not brought Europe closer to the US; on the contrary, it has pushed Europe further away.
Space at the table for China could be obtained if the eurozone countries, signaling their commitment to the common currency, agreed to surrender their individual seats in exchange for one representing the entire monetary union.
Commercialize the SDRBERKELEY – Zhou Xiaochuan, the governor of the People’s Bank of China, made a splash prior to the recent G-20 summit by arguing that the International Monetary Fund’s Special Drawing Rights should replace the dollar as the world’s reserve currency.
But skeptics question whether the SDR could ever replace the dollar as the world’s leading reserve currency, for the simple reason that the SDR is not a currency.
As a result, not even the euro has seriously challenged the dollar as the dominant reserve currency.
The dollar originally acquired international currency status in the 1920’s, when the newly established Federal Reserve started buying and selling dollar acceptances, backstopping the market and enhancing its liquidity.
If the international community is serious about the SDR as an international currency, it will have to empower the IMF to do likewise.
Transforming the SDR into a true international currency would require surmounting other obstacles.
The IMF’s management would also have to be empowered to decide on SDR issuance, just as the Fed can decide to offer currency swaps.
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