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Competitive Devaluation

Lew Urges G-20 Nations to Avoid Competitive Devaluations
www.bloomberg.com

The Group of 20 major economies should move more rapidly toward market-determined exchange-rate systems and refrain from competitive currency devaluations, U.S. Treasury Secretary Jacob J. Lew said. G-20 members should “avoid persistent …

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Lew Warns Against Competitive Devaluation as Dollar Gains
www.bloomberg.com

With counterparts in Asia and Europe embracing declining currencies as they seek to boost their economies, Lew said yesterday they should “avoid persistent exchange-rate misalignments, refrain from competitive devaluation, and not target exchange rates …

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Opinion: Will China start currency war in name of reform?
www.northjersey.com

Ahead of the annual meetings of the IMF and World Bank this weekend, U.S. Treasury Secretary Jacob Lew warned: "It's wrong to get into exchange-rate competition for the purpose of promoting advantage, one over the other." A devaluation isn't inevitable.

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Nabiullina invites investors
vestnikkavkaza.net

Otherwise, monetary stimulus will lead to higher inflation, capital flight and devaluation pressure. But if the slowdown has a cyclical character, this is the basis for softer monetary policy, … Thus, for Nabiullina, structural changes are most …

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Policy makers set to ponder how to sustain global economic recovery
www.thefinancialexpress-bd.com

As with Japan last year, G20 policymakers gathered in Washington for the annual meeting of the International Monetary Fund and World Bank are in a poor position to complain about competitive devaluation having demanded stronger European growth for so …

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Why Verimark is still losing money
www.destinyconnect.com

“The continued devaluation of the Rand will impact negatively on the retail trade, particularly those businesses that import products, such as Verimark,” the group said in a SENS statement for the financial year ended 31 August 2014. The rand weakening …

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VOXX International Corporation Reports Fiscal 2015 Second Quarter and Six …
www.sys-con.com

In the Fiscal 2015 second quarter, the Company took a non-cash charge of $6.7 million, representing the devaluation loss related to its Venezuelan bonds that were re-measured at August 31, 2014. In the Fiscal 2014 second quarter, the Company recorded a …

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Putin Doesn't Care if the Ruble Falls
www.bloombergview.com

Because of the devaluation and decreased competition from imports following Putin's food embargo, specific goods have seen double-digit price rises in August and September. The enforced self-sufficiency caused by the weak currency and sanctions may …

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Will China start currency war to rattle the markets?
www.bangkokpost.com

Ahead of the annual meetings of the IMF and World Bank this weekend, US Treasury Secretary Jacob Lew warned: "It's wrong to get into exchange-rate competition for the purpose of promoting advantage, one over the other." A devaluation isn't inevitable.

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