That could set the stage for a round of beggar-thy-neighbour competitive currency devaluations in emerging markets. Kazakhstan may already have started it, with its 19 per cent tenge devaluation this week. That move was motivated by weakness in the …

… as well as the designation of Venezuela as a highly inflationary economy and the devaluation of its currency, foreign exchange restrictions, particularly currency restrictions in Venezuela and Argentina, and the potential effect of such factors on …

Fábrega's double play took the form of pumping up interest rates (even beyond 30 percent at times) to make the peso's attractions more competitive while (in an admittedly arbitrary move) shifting more dollars onto the market via a circular obliging …

Fábrega's double play took the form of pumping up interest rates (even beyond 30 percent at times) to make the peso's attractions more competitive while (in an admittedly arbitrary move) shifting more dollars onto the market via a circular obliging …

As a result of the 32% devaluation of Venezuelan currency, during the first quarter, the Company recorded a one-time charge of $34 million in other expense, net, and $17 million in income taxes, primarily reflecting the write-down of monetary net …

Although there were rumors about the possibility of devaluation of tenge for a long time and they were intensified especially after the proposal to introduce a new 20,000 tenge bond, the refusal of the National Bank from further keeping the national …

This strategy is the only one which could replace, under the single-currency system based on the euro, competitive devaluations; it aims at lowering prices and salaries, in order to improve the response to external demand, and thereby restore …

Normally, this would result in a significant improvement of the trade balance. This is because when a currency is devalued export goods become cheaper abroad, giving the exporters an advantage against competitors. Conversely, devaluation makes it more …

The dismantling of the controls system—with the predictable substantial devaluation of the peso—and with the downward adjustment of tariffs in the wake of this country's adhesion to General Agreement on Tariffs and Trade, most of the manufacturing …