Leverage over Chinese behavior to modify its currency and trade practices will need to come as much from Brussels as from Washington.
Squeezed between rising oil prices and the falling dollar, the Gulf states face rising inflation: speculation is rife that one or more of them will modify their currency pegs at a regional meeting on December 3rd.Handle with careThere you have it: the ingredients of a nasty crash.
Would an unpopular dual-currency system be modified and the local Cuban peso, in which wages are paid, be revalued?
The value-added data provided in the socioeconomic accounts have been slightly modified: Since it is expressed in national currencies, we used the exchange rate table provided by the WIOD to convert values into US$.
Under the original Articles of Agreement, the IMF supervised a modified gold standard system of pegged, or stable, currency exchange rates.
Mr. Trichet seemed to put little stock in a call by Robert Zoellick, president of the World Bank, for a return to a modified gold standard as a way to control currency movements.
21 The bidding values were converted to Malaysian currency, and subsequent bidding values were modified, contingent on the response to the initial bid.
Disruption, they say, could be minimised by converting all euro contracts to a modified form of the European Currency Unit, the basket of national currencies that preceded the euro.
reached agreement in November 1998 on an emergency three-year $41.5 billion rescue package, the terms of which were modified early last year after Mr. Cardoso was forced to allow the national currency, the real, to be devalued by 40percentt.
The nation's 14 largest banks reported that more than half of the loans they modified last year were delinquent again after just six months, according to the federal bank regulator, the comptroller of the currency.
