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Jonathan Borowsky '07

Jonathan Borowsky '07

Contributing Writer

Asian banks positioned to threaten U.S. economy

Suppose that one of the Asian banks starts to dump its reserves of American currency. This extra supply of U.S. dollars would lower the “price” of the dollar-the exchange rate between the U.S. dollar and other world currencies. Other major players may be tempted to sell their own
Jonathan Borowsky '07 Nov 16, 2004

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