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Strategies & Market Trends : Asia Forum

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To: Henry Volquardsen who wrote (7902)	1/22/1999 5:13:00 PM
From: Stitch	Read Replies (3) of 9980

Henry, <<The downside is more of a political question. Once a country dollarizes they are at the whims of our monetary policy. While they don't have direct input they certainly can lobby. So if at some point the number of countrys that dollarize becomes significant they and those members of the US business community that deal in those countrys might lobby for moves in US policy based on economic events outside of the US. But all in all that is not a huge downside as non US economic events are already exerting more and more influence on US economic policy.>> Very accurate statement IMO. I see the move, if it were to happen, as a positive. For one thing it seems to me there is a potential promise of a political balancing in relationship to Asia as well as the Euro. For two I suspect the net leverage yielded in terms of political influence would tilt in favor of U.S. interests. And finally, for three, we are already inundated by the lobbying efforts you mention, so likely we are prepared, from a logistics and diplomacy standpoint anyway. Best, Stitch

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