Dr. Rick C. Ernst
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Competitive Devaluation

Yes vote will see Scots' mortgage costs soar, brokers warn
www.ft.com

Home loans costs would rise sharply in an independent Scotland, driven by increased currency risks and reduced competition as smaller lenders pulled out of an uncertain market, mortgage brokers warned. UK lenders … For Scottish borrowers with …

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There's Something Very Wrong With Britain's Recovery
www.businessinsider.com.au

Britain's economic recovery is leaving the country's manufacturers behind, according to new European Commission figures. The stats show U.K. investment in equipment has fallen, even as the economy has picked up.Weak investment in the sector will …

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Virtual Currencies: International Actions and Regulations
www.jdsupra.com

The Canadian central bank released a working paper examining the effects of competition between different cryptocurrencies and the exchanges. The authors conclude that there is no clear evidence ….. The warnings were similar to those issued by other …

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ECB's Coene Welcomes Falling Euro in Stagnation Fight
www.bloomberg.com

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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Why Internal Devaluation is Not Leading to Export-Led Growth in Greece
www.brookings.edu

We only need to look at wages in each sector to see that the competitive parts of the economy never suffered from excessive wages in the first place: Reducing private sector wages did little to make the Greek economy more competitive because this was …

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John Mills :Will Austerity Really Reduce the Government Deficit?
www.huffingtonpost.co.uk

One of the huge advantages of a devaluation-led expansionist policy is that this problem will just disappear. First, even if the eventual position is that there is still a government deficit, provided that the … Second, if – to ensure that sterling …

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African Economic Outlook Report Focuses on Industrialisation
news.sudanvisiondaily.com

However, inflation remained high (36.2 percent), reflecting the combined effect of inflationary financing, the devaluation of the currency and high energy prices. It is estimated that real growth will recede slightly in 2014 to 2.7 percent and is …

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What can the ECB learn from the Bank of Japan's QE experience?
www.qfinance.com

This week, the Euro has risen to 138 Yen as the Bank of Japan wins the tug of war, but are we facing a type of competitive devaluation via QE which mirrors that of the 1920s? As we travel these roads one thing we have learned is that what is trumpeted …

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ITE Group PLC – A Robust Business With Nice Moat Is For Sale
seekingalpha.com

ITE survived multiple crises during its existence, most notably the Russian Crisis in 1998, during which the rouble devalued by 270% in 6 months (losing 2/3 of its value within one month) while the Russian stock market lost 75% of its value in 8 months …

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