Of course this assumes that the naira will not see significant devaluation (below the N180/ dollar mark) which we don't expect to happen. A growth in GDP to this levels would further highlight the low linkages of the stock markets to the economy (as …
The National Bank continues to gradually reduce its refinancing rate. The latest reduction, which occurred in August 2014, may help make receiving financing for legal entities easier. And yet, despite their best intentions, these steps contribute to …
ATLANTA – As a class, the running back has suffered a steep devaluation worthy of some of the world's most colorful and obscure currencies. The position almost seems a relic from … No hard feelings, just them being competitive. It's just the game of …
It summarily increased competition by liberalizing imports, but was careful to avoid a large real appreciation by devaluing the zloty 17 months after the big bang, and then moving to a flexible exchange rate. The first two elements of this micropolicy …
… promise to bring back the public deficit to below three percent of GDP in 2015 and are putting in place a series of reforms – the Responsibility Pact – containing structural changes and lower charges for companies to make the country more …
Head of Government Communication Affairs Office (GCAO), Redwan Hussein disclosed that the government would not apply a significant change in the devaluation of the birr against a basket of major currencies. This was disclosed during a press conference …
Second, Tokyo's devaluation of the yen under the Abe government may spark a competitive devaluation in the region. These concerns have led the IMF to periodically advise the South Korean government against intervening in the currency market, or at …
Keynes — like White — also hated the alternative of "competitive devaluation", where countries facing a budget constraint would devalue their currencies at will. Both saw this is a grave threat to free trade and monetary stability, the very …
“The exchange rate has to be competitive enough to benefit regional economies, but not so high that it makes imports too expensive.” Economy Ministry spokeswoman Jesica Rey didn't respond to an e-mail and telephone call seeking comment about another …