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Competitive Devaluation

India turns sourcing favourite for auto companies
timesofindia.indiatimes.com

While the rupee's depreciation in recent months has hit kit and component imports leading to price hikes in the car market, for some car makers, looking to use India as a production hub and sourcing base, it's been a boon particularly since the Chinese …

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G20 targets rebalancing, flexible exchange rates-draft
www.reuters.com

"We reiterate our commitments to move more rapidly toward more market-oriented exchange rate systems and to refrain from competitive devaluation." The text did not specify hard-and-fast debt targets, saying fiscal strategies should be "credible, …

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Russia Details BRICS Worries
www.nasdaq.com

Unlike in the previous meeting of G-20 finance ministers and central bank governors, held in Moscow in February, the danger of competitive devaluation has eased and is not on the table, Mr. Siluanov said. He also said the BRICS countries continue to …

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Indian Rupee Devaluation Good News For Global Sourcing & Export …
www.india-briefing.com

… particularly electronics, which can only be sourced from China, in other respects it has made Indian components more competitive,” said Vincent Cobee, Corporate VP of Datsun's business unit. Furthermore, the devaluation of India's Rupee should also …

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Draft G20 finance ministers communique
www.foxbusiness.com

We reiterate our commitments to move more rapidly toward more market-oriented exchange rate systems and to refrain from competitive devaluation. We will resist all forms of protectionism and keep our markets open. Large surplus economies should …

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Germany refuses fresh relief for Greeks as debt ratio spirals out of control
www.telegraph.co.uk

The Troika programme for Greece has entailed IMF-style austerity without the IMF cure of devaluation, which was ruled out by euro membership. … “By now it would probably be exporting its way back to growth with a more competitive drachma,” he said.

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FX update by Johnhardy – Bernanke will try to have some cake and eat it too
www.zawya.com

Why shouldn't Canada join the competitive devaluation game the rest of the world is so heavily engaged in? Otherwise, Canada's economic data looks rather steady and the huge spike in WTI crude prices hasoffered CAD considerable report in recent weeks.

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Report Published: "Market Focus: Trends and Developments in the …
www.usprwire.com

Though there is an increase in the category value in local currency, due to currency devaluation, categories are expected to show lower growth rates during 2012-2017 compared to growth in 2007-2012, in US$ terms. What are the key drivers behind recent …

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The Case for Currency-Parity Tariffs on China by Figaro Joseph
blackstate.com

Back in the 1970s and 1980s, one of the dominant theories for economic development in the Third World centered around currency devaluation or depreciation. When a country devalues its currency vis-à-vis another currency or currencies, its exports …

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