search query: @author Dyer, G. / total: 9
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| Author: | Dyer, G. |
| Title: | Time to shape up |
| Journal: | Euromoney
1994 : SEP, p. 65-69 |
| Index terms: | ECONOMIC POLICY POLITICS USA |
| Language: | eng |
| Abstract: | Since May, Bill Clinton's officials have been promoting a strong dollar - but at the faintest sign of trade tension between Japan and the US, the dollar falls. This is not because currency traders want to defy the administration: this is not a re-run of Europe's currency crises. The traders simply don't believe the administration when it says it wants a strong dollar. Everything starts with the dollar. A weak-dollar policy makes international cooperation difficult and encourages the impression that the US is aggressively pursuing its short-term interests. It erodes the confidence of international investors and partners alike. It makes US look reactive, short-sighted and weak.The vagaries of Washington politics now allow Bentsen and Summers to control international economic policy and push their own agenda. But do they have the will? |
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