When they cease their large scale dollar purchase programs, the value of the dollar will fall and it will fall hard.

Nevertheless, it is not hard to imagine scenarios in which the dollar collapses.

Put differently, the value of the dollar reflects total national saving, not just savings in the household sector.

It was hard work engineering a five trillion dollar deterioration in America s fiscal position.

But if the US fails to narrow its savings gap, its current account deficit will not disappear, regardless of where the dollar goes.

The 500,000 savings from the financial year 2002 amounts to 378,500 on the basis of the United States dollar euro rate of 0.757 fixed by the United Nations for March 2005.

There is no reason, they conclude, why a change in the renminbi dollar exchange rate should have a first order impact on savings or investment in China, much less in the US.

As America sops up the world s savings to address its problems, as risk premiums soar, as global income, trade, and commodity prices fall, developing countries will face hard times.

Savings

Low savings countries cannot easily adjust without an equivalent adjustment in high savings countries, because their low savings rates may have been caused by high savings abroad.

The Yètè Mali Savings Network or savings and loan cooperative.

The mere possibility of an imminent hard landing for the dollar and with it, for the US and world economy should be alarming enough to mobilize concerted action.

Furthermore, because of the clear switch away from the use of information in hard copy, the use of ProFi has delivered savings, in 2004 alone, of more then 10,000 faxed pages.

Both the savings shortage and savings glut hypotheses confuse accounting outcomes with causes.

(iii) The currency exchange adjustment figure essentially represents the realized gain or loss on non euro transactions during the year and the savings achieved in 2004 on the liquidation of prior year United States dollar obligations.

Japan s Savings Crisis

Demand savings accounts

Term savings accounts

Therefore, tThe Parties may therefore wish to authorize the Executive Secretary to utilize savings from previous budgets to offset any eventual over expenditure as a result of the decline of the value of the United States dollar.

Apart from accounting for the global divergence in savings rates, tight credit constraints in China might explain the country s high, and rising, savings rate especially as the large rise in national savings is attributable mostly to household savings.

Work hard, play hard.

As such, the Spanish dollar was worth slightly more than the U.S. dollar, and likewise, the Newfoundland dollar, until 1895, was worth slightly more than the Canadian colonial dollar.

Balancing China s High Savings

Savings rates shot up.

Bottom Dollar

The Dollar

We have enormous energy savings.

(b) To achieve cost savings

Fadil's life savings were gone.

These are Sami's life savings.

Sami stole Layla's life savings.

Generally speaking, savings are increasing.

Savings on prior period obligations

A distinction is drawn between realized gains and losses resulting through the conduct of transactions in other than euros and the savings resulting from the settlement of United States dollar obligations from prior years at a different euro rate of exchange.

For nearly a decade, capital from high savings countries like Germany flowed to low savings countries like Spain.

Important benefits of trade and transport facilitation measures relate to time savings, which often outweigh direct cost savings.

After the Dollar

China s Dollar Problem

The Falling Dollar

Two Dollar Fallacies

Liberia used the United States dollar as its currency from 1943 until 1982 and continues to use the U.S. dollar alongside the Liberian dollar.

Economists talk about bang for the buck how much economic stimulus is provided by each dollar of spending. It s hard to imagine less bang than from bucks spent on a Nepalese contractor working in Iraq.

But, while the euro s international role especially its use in financial markets has increased since its inception, it is hard to envisage it overtaking the dollar as the dominant reserve currency in the foreseeable future.

Africa needed capital, but lacked savings.

Why Are Savings Patterns So Different?