Dr. Rick C. Ernst
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Competitive Devaluation

Keynote speech at the Euro Conference – Lithuania
www.ecb.europa.eu

The euro area benefits from Lithuania's accession in at least two ways: first, Lithuania has shown that adjustment is not only necessary, but also possible – even without currency devaluation; second, Lithuania's decision to join the euro area …

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Euro will provide a buffer for Lithuania: Draghi
www.marketwatch.com

"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 …

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Europe Is Learning the Wrong Lessons
truth-out.org

This depression has led to a gradual, painful "internal devaluation" as labor costs have come down, making Spain more competitive with the rest of Europe. As a result, Spain is finally starting a slight recovery, with its growth rate in recent quarters …

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'Loan-To-Own' Strategy May Lead To Limitation On Credit-Bidding
www.mondaq.com

For example, courts may deny or limit a secured creditor's right to credit bid in order to ensure the success of a reorganization, to foster a competitive bidding environment, or for any other policy advanced by the Bankruptcy Code. In Free Lance-Star …

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The euro and the Musketeers
www.hsbcnet.com

And Germany's insistence that others deliver austerity has led only to weaker German exports, even though its exporters are more competitive than Eurozone rivals. Competitive internal devaluations have led to lower and lower inflation and now a growing …

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No, Women's Soccer Does Not Have A Domestic Violence Problem
www.huffingtonpost.com

Domestic violence also serves as a powerful symbol of the toxic masculinity and devaluation of women that football promotes: This is a sport where men are rewarded for beating other men until they can't even walk or think anymore while women appear …

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Ceragon Networks, The Dark Days Are Over, Clear Skies For 100% Upside …
seekingalpha.com

With mobile data traffic is expected to grow at CAGR 61% by 2018, mobile operators facing an investment cycle to meed demand. Increasing backlog supports strong demand for company's products. Completion of reorganization plan and manufacturing ramp …

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Mexico Sets Borrower Standard 20 Years After Tequila Crisis
www.bloomberg.com

Their conviction stems from the constitutional changes pushed through by the 48-year-old president, from opening Mexico's oil industry to private investment to spurring competition in a telecommunications industry dominated by billionaire Carlos Slim …

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Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2015
www.sys-con.com

Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend forecast for the first half (ending September 30, 2014) of the current fiscal year ending March 31, 2015 (fiscal 2015). The company plans to pay an interim dividend of 9 yen per …

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