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Profile: Thomas Ferguson


Positions that Thomas Ferguson has held:

  • Professor of political science at the University of Massachusetts, Boston




Quote, October 16, 2002

   “A major prop for the dollar has long been the simple fact that oil is priced in US dollars. If the new Iraqi petroleum authorities announce that they will accept checks only in dollars, invest their surplus in dollars, and swell US exports by contracting principally with American firms for services and goods, the dollar's prospects will brighten. As pleased as Europeans have been to seize chances to export under the umbrella of a high dollar, this will not be what they had in mind when they called in recent months for action to break the dollar's fall: Nascent ventures to create an oil futures market in euros may well be stillborn, while prospects will diminish for a long term rebalancing of asset portfolios away from the dollar and in favor of the euro.” [Ferguson and Johnson, 10/16/02]

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