The competitive devaluation of currencies has continued at breakneck speed. The Federal Reserve, which should have been setting an example, is leading the charge with its doomed and irresponsible policy of quantitative easing (QE), which is the …
Part of that is due to ruble devaluation, which strengthened domestic industry and made our exports much more competitive. It's true that the economic boom of Vladimir Putin's first two terms in office owe much to rising global prices for oil and gas …
… and therefore economically inefficient, the big advantage of local currencies with floating exchange rates, is that they allow, through gradual devaluation, places to adjust their competitiveness to match their natural competitive advantage or …
It was initially triggered by the devaluation of the peso and the government's stabilisation of the foreign exchange market and domestic prices. This made exports more competitive and, more importantly, imports more expensive. The latter decreased …
In the past, Italy always depended on currency devaluation as a means to remain competitive. And further undermining Italian competitiveness is the continuous drag on the more productive northern Italy having to subsidize the government waste and …
What he means is that since Spain, a member of the eurozone, was unable to devalue its currency it had to become more competitive by holding down wages and driving down costs. This has been achieved, spectacularly so. Spain's unit labor costs have …
[ClickPress, Wed Oct 09 2013 ] The February 2013 devaluation of the bolivar has resulted in a downgrade to our forecast for consumer electronics sales in Venezuela . The devaluation will constrain consumer purchasing power and raise the cost of …
Untargeted fuel subsidies and the public-sector wage bill have increased, crowding out much-needed public investment and relief to poor families, while impeding the development of a dynamic and competitive private sector and limiting new firms' access …
Part of that is due to ruble devaluation, which strengthened domestic industry and made our exports much more competitive. It's true that the economic boom of Vladimir Putin's first two terms in office owe much to rising global prices for oil and gas …