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Unlike the risky loans made to subprime borrowers in the United States or Irish real estate developers in the euro zone, dollar debts taken on by companies erecting skyscrapers in Istanbul, manufacturing steel in India and prospecting for oil in Brazil, need to be largely paid back in dollars by entities that earn most of their revenues in their home currency.
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Asia is arguably a yuan, not a dollar, zone.
Creating a dollar zone would also be likely to accelerate the integration of Latin American economies with the United States and create trade opportunities for American companies.
All of which must make an American wonder how we have been able to flourish in a currency union — the United States dollar zone — so well and for so long.
Would that mean Illinois would leave the U.S. dollar zone and adopt a new currency?
"[The decision] is clearly not based on the assessment of the facts of the Hungarian economy and financial system - it is pressure from market players interested in strengthening the dollar zone and weakening the eurozone," the Economy Ministry said in a statement.
They will have to determine Europe's external relations with other currency areas, in particular the dollar zone.
The common currency has been trading near a two-year low against the dollar, euro zone unemployment is at a record of 11 percent, and Spain is trying to figure out how to pay for a bailout of its troubled banks.
By setting our dollar comfort zone before negotiating, you are setting some great guardrails around your business.
If you are not able to work with the other party down to your dollar comfort zone, then walk away from the deal.
Vending without a license in a non-vending zone is one thousand two hundred and fifty dollars.
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CEO of Professional Science Editing for Scientists @ prosciediting.com