The year started with controversy over whether the aggressive fiscal and monetary stimulus launched by Japanese Prime Minister Shinzo Abe was an act of "currency war" designed to bring about a competitive devaluation. "Abenomics" got a free pass in the …
Currency depreciation in several countries such as India has weakened their international competitive edge while other countries such as Brazil have failed to resolve their own problems by shedding the adverse impacts onto emerging countries. Since the …
One way in which they stay competitive is by keeping their prices constant as far as possible. If you consider … Violence does not occur only with dowry harassment and bride-burning; it begins much earlier with the devaluation of the daughter. But …
"We will refrain from competitive devaluation and will not target our exchange rates for competitive purposes. We will resist all forms of protectionism and keep our markets open," the declaration said. The leaders identified eight main challenges to …
We will refrain from competitive devaluation and will not target our exchange rates for competitive purposes. We will resist all forms of protectionism and keep our markets open. FISCAL SUSTAINABILITY. Achieving a stronger and sustainable recovery …
But unlike the historic ruble devaluation of 1998, when Russia's oil companies booked windfall ruble profits by selling crude in dollars, new tax rules mean the state will collect most of the surplus oil profits this time. Domestic firms that target …
Devaluation of the mark, whether tolerated or actively encouraged, led to increased inflation, but ensured that German goods, as they flooded the postwar markets, were highly competitive. After a spike in unemployment following demobilisation, the …
Mr. Abe intends to jerk the economy out of the doldrums through increased government spending on infrastructure and through the devaluation of the yen, aiming to give an impetus to exporters (Increased monetary easing would increase the supply of money …
“The devaluation of the rupee has made Indian exports more competitive. Exports would account for 10 per cent of our revenues this financial year, up from four per cent a year earlier. Over the next three years, we plan to scale it up to 18 per cent …