Dr. Rick C. Ernst
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Competitive Devaluation

Tripling the NSE: How to reach a $250 billion market cap by 2020
businessdayonline.com

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 …

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Sanctions as New Opportunity, Less State Support for the Economy – Belarus …
belarusdigest.com

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 …

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Tarboro High graduate Gurley shifts star power back to running back
www.rockymounttelegram.com

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 …

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What can old Europe learn from new Europe's transition?
blog.oup.com

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 …

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French Government Crisis Is About Power, Not Economy
www.forbes.com

… 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 …

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Currency Devaluation Around the Corner
allafrica.com

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 …

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South Korean Steel and the Trans-Pacific Tariff War
thediplomat.com

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 …

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This Soviet spy created the US-led global economic system
www.vox.com

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 …

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Argentina Devaluation Bets Spur Biggest Peso Drop Since January
www.moneynews.com

“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 …

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