Dr. Rick C. Ernst
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Competitive Devaluation

EU will learn that attacking German economic success is not the right strategy
www.ft.com

Their only reliable path to stability – indeed, the only guarantee of their eurozone membership in the long term – lies, so it is said, in raising their competitive game. But in German eyes, the same battle for competitiveness is constantly being …

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Testimony on Ukraine, Moldova, the EU and US Interests
www.kyivpost.com

This free trade agreement would abolish nearly all customs tariffs between the European Union and Ukraine as well as lead to regulatory convergence in technical standards, food standards, competition policy, state aid and energy policy. It would have a …

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Australia, Turbulence Ahead
blogs.wsj.com

A China-driven crisis would undoubtedly put significant downward pressure on the Australian dollar, ultimately making the economy and its exports competitive and thus boosting demand. But Australia's substantial current account deficits–projected to …

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Structural Reforms – Be Careful What You Wish For!
www.social-europe.eu

Of course, this is exactly what economic policy-makers intended to achieve in the first place, to replace the missing instrument of a currency devaluation with a direct devaluation of wages. However … The 'masters of structural deregulation' will …

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Brazil Fast Food Announces Third Quarter 2013 Results
online.wsj.com

Our operating income and net income were negatively impacted by the rise in the purchase price of some products due to inflationary pressures and currency devaluation as well as aggressive value campaigns at Pizza Hut and KFC restaurants," said Mr …

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Global Currency Services
www.guelphmercury.com

Operating out of Guelph, we've been helping our clients save money since 2000 by offering the most competitive rates and the most up-to-date knowledge. … Our contract-forwarding options eliminate the risk of currency devaluation losses. At Global …

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Agrium Raised to Neutral
www.zacks.com

Moreover, the acquisition of Viterra Inc's agri-products business is an excellent fit to Agrium's portfolio, allowing it to offer highly competitive products, services and technologies by combining its experience with Viterra's profound knowledge of …

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The crypto coalmine thought experiment
ftalphaville.ft.com

As for the retail payment practicality argument, the Bitcoin community neglects the fact that there is a reason why most nations are currently pursuing competitive devaluation strategies. The advocates say “ah but this won't matter when all …

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What Should Be Done About Germany's Current Account Surplus?
www.economonitor.com

Commissioner Rehn begins by saying that “nobody would like to criticize German companies for their global competitive success.” Later in the text, he voices concern that the eurozone's overall current account is now in surplus, which “could bring the …

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