"Real" indexation – unit of account dollarization Long after a country has returned to price stability, and even after the disappearance of almost all asset and liability dollarization, a country may still find that some domestic prices are specified in dollars. This is currently the situation in Israel. During the course of the nineties, financial dollarization declined dramatically in Israel.
Only by paying attention to fundamental principles - personal responsibility, individual initiative, entrepreneurial spirit, and competition – can social equity  BIS Review 93/2001  1  be achieved; and this is what is needed to overcome the severe structural problems that still beset Europe. We Europeans can learn much in this sphere from the United States.