3.Robert·A· Mundell , after awarded the Nobel laurel of economics in 1999,predicted that there would be three monetary zones in the coming ten years: Eurodollar zone, USD zone, Asian?dollar zone.
4.However, as smaller Asian-dollar surpluses are invested in America, US short-term interest rates could rise, enabling the Federal Reserve to take the heat out of the residential building bubble.
9.Furthermore, if Asian economies slow because of a weak dollar, US service industries will be hit hard, since Asian economies are their main customers.
