The article refers to an economic concept known as Domestic Liability Dollarization ( DLD ).
2.
Firstly, liability dollarization ( see Domestic liability dollarization ) is one main reason against floating exchange rate.
3.
In literature, there is a set of related definitions of currency substitution such as "'external liability currency substitution "', domestic liability currency substitution, "'banking sector's liability currency substitution "'or "'deposit currency substitution "'and "'credit dollarlization " '.
4.
Against that background, Bush faces a range of domestic liabilities-- from soaring budget deficits and mounting debt to a worrisome economy that won't quite catch fire-- as his party struggles to overcome persistent image woes among African Americans and other minorities.
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