Although the Russian state and its largest companies look financially impregnable, investors in local bonds run the risks of either ruble devaluation or further central bank rate increases. Potapov believes the ruble, which fell by 12.7 percent against …

“While it is clear that some of the traditional IMF approaches have become more member sensitive in their recent Caribbean engagements, devaluation is usually placed firmly on the table as part of the standard tool kit along with removal of a number of …

But in the horizon of several years, the euro has also proven to be a trap, because Member States suffering from capital outflows could no longer support their economies through tailor-made monetary policies and devaluation in their exchange rate …

Wheeler believes that the previous three episodes of overvaluation — each of which was followed by cumulative devaluations of at least 25 per cent — should dissuade foreign investors from buying kiwi dollars, although two of those three depreciations …

Competition in Vietnam's banking industry is fierce with 90 banks, 50 of which are foreign. … Mr Tharabodee said Vietnam's economy, banking industry and currency had continued to improve after the 2012 bubble burst following the dong's devaluation.

This is what Greg Weldon described back in 2001 as the Competitive Devaluation Raceway, which back then described the competition among emerging markets to maintain the devaluation of their currencies against the dollar. Today, with Europe and Japan …

… the role of the euro, while Draghi said the devaluation reflects a divergence between Federal Reserve and ECB policy. Such remarks evoke language used in competitive devaluations, where nations try to boost exports by driving their currencies down.

The ability of Chinese factories to keep churning out low-cost goods also limits the chances of euro-area companies winning market share through price competition. Wages might not shift higher with inflation, so higher import costs end up eroding …

"Lithuania would have a clear competitive disadvantage when it comes to attracting investment from abroad if it delayed adopting the euro." … "The Baltic countries have demonstrated that adjustment is possible—even without currency devaluation," he …