Dr. Rick C. Ernst
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Competitive Devaluation

Argentines hoard US dollars as peso devaluation looms
www.taipeitimes.com

With annual inflation of more than 30 percent and exports sagging, businesses are pressuring Kirchner's administration to devalue the peso again, after an 18 percent devaluation in January. “We can't even export a piece of candy. Argentina is not …

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Iranian car imports rise by 150% after easing of sanctions
www.thenational.ae

With rising competition and a subsequent fall in prices, all of the used car businesses in Al Aweer have switched to export. … Sanctions threw the economy into recession, while the devaluation of the Iranian rial pushed up import prices for Iranian …

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Sudan's GDP to Increase in 2015
news.sudanvisiondaily.com

In September austerity measures were introduced to supplement the 2013 budget, including the devaluation of the currency by 29% and removal of fuel subsidies worth SDG 3.6 billion (Sudanese pounds) about 1.2% of GDP, resulting in riots. The 2014 budget …

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Argentina faces devaluation as dollar demand grows
www.dawn.com

And with annual inflation of more than 30 percent and exports sagging, businesses are pressuring Kirchner's administration to devalue the peso again, after an 18pc devaluation in January. “We can't even export a piece of candy. Argentina is not …

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Fitch Rates GOL's Proposed Senior Unsecured Notes 'B-(exp)/RR4'
www.businesswire.com

The 'B-' rating for the proposed notes reflects GOL's high leverage and the sensitivity of GOL's financial performance to several factors not controlled by the company such as competition, devaluation of the local currency versus the U.S. dollar, and …

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The European Central Bank welcomes the euro's decline as it…
www.mynextfone.co.uk

Politicians from countries including France and Spain have called for a devaluation that would aid their economies by making exporters more competitive. The euro slid below $1.30 last week for the first time in more than a year after ECB President …

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Despite hefty subsidies, Chinese airlines disappoint in H1
www.wantchinatimes.com

Although devaluation of the renminbi was partially blamed for the decline, the main culprit was sluggish market demand. With supply expected to rise further and competition from high-speed rail intensifying, their business will remain in the doldrums …

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Argentina faces new devaluation as dollar demand grows
uk.finance.yahoo.com

… are pressuring Kirchner's administration to devalue the peso again, after an 18-percent devaluation in January. "We can't even export a piece of candy. Argentina is not competitive today," said Hector Mendez, leader of the largest employers …

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OECD chief calls on Spain to continue with program of reforms
elpais.com

The secretary-general of the Organisation for Economic Co-operation and Development (OECD), Ángel Gurría, believes that Spain is the “best example of how reforms can work.” Speaking in an interview with EL PAÍS ahead of the presentation in Madrid of …

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