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Having a "fixed dollar" rate is becoming commonplace for hotels in places like Italy, the U.K. and France.
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But the hard dollar cap would make the wealthy pay nearly the stated tax rate, since for the wealthy a fixed dollar limit would be less significant with increased income.
The collection of upscale hotels "has a number of properties that consistently promote U.S. fixed-dollar rates," she said.
The total price is the rate plus fees expressed as a percent of the loan ("points"), plus fees that are a fixed-dollar amount.
China has no option but to buy dollar assets if it is to maintain a fixed exchange rate with the dollar.
Unlike days of old, Washington doesn't need piles of gold, nor does the government need to promise to exchange gold at a fixed rate for dollars, as it did under the traditional gold standard.
China has kept the value of the yuan locked at a fixed exchange rate to the dollar since 1994.
Lofty real estate prices in Hong Kong, as they are on the mainland, are in part a function of a fixed exchange rate to the dollar.
China has kept its currency pegged at a fixed exchange rate to the dollar for the past decade, and it has done so by a combination of restrictions on capital flows and heavy purchases of American securities.
But China has kept its currency locked at a fixed exchange rate to the dollar and European consumer demand has yet to revive from the slowdown of the last few years.
American and European leaders would like to see the Japanese reduce their intervention and the Chinese relax their policy of locking their own currency, the yuan, at a fixed exchange rate to the dollar.
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