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The economy grew fast after the implementation of the Convertibility plan until 1994, fueled by growing public and private indebtedness from the liquidity in international capital markets.
Possibly as a consequence of the reforms, unemployment had already been increasing steadily from 6% in October 1991 (the first measure before the implementation of the Convertibility plan), but it jumped with the Tequila crisis and remained in double digits until 2007.
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"Suspensions" of the convertibility for bank notes into specie were disappointingly frequent.
The second option of the convertibility thesis involves a stronger claim, namely, the idea that the transcendentals differ from one another only in concept, not in reality.
Yet implementation of the deal remains daunting.
Full implementation of the program requires $6million.
The principle of the conservation of momentum and energy results from the convertibility of mass and energy.
But when the United States ran large deficits, doubts arose regarding the ability of the United States to maintain the convertibility of the dollar into gold.
Nixon imposed wage and price controls to stem inflation, and Secretary of the Treasury John Connally abruptly suspended the convertibility of dollars to gold.
The convertibility of glucan plus xylan (% TS) of Hereford exceeded that of Skalmeje by 13%.
His argument was that of the so-called antibullionist, or banking, school, which believed that the convertibility of notes was the only requirement for the stability of currency.
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