If Scotland took its own, new currency then it would have to weaken relative to the pound in order to keep Scotland competitive relative to the rest of the United Kingdom (and everywhere else, too). We'd be earning Scottish buttons and still repaying …

Default means devaluation. Devaluation first occurs in government debt, which is discounted to account for the government's inability to pay. Next, it moves into the national currency. After all, if the bonds, which are redeemable in pesos, prove to be …

Stating that the Great Depression was due to a long period of competitive devaluation of national currencies, Rajan said, "we are back to the 1930s, in a world of competitive easing. "Back then, it was competitive devaluation, but competitive easing …

“Back then, it was competitive devaluation (of currencies), but competitive easing could lead to competitive devaluation,” says Rajan. “If there were no consequences to competitive easing (to spurring economies), fine; but there are consequences …

Stating that the Great Depression was due to a long period of competitive devaluation of national currencies, Rajan said, "we are back to the 1930s, in a world of competitive easing. "Back then, it was competitive devaluation, but competitive easing …

Stating that the Great Depression was due to a long period of competitive devaluation of national currencies, Rajan said, "we are back to the 1930s, in a world of competitive easing. "Back then, it was competitive devaluation, but competitive easing …

“Back then, it was competitive devaluation (of currencies), but competitive easing could lead to competitive devaluation,” says Rajan. “If there were no consequences to competitive easing (to spurring economies), fine; but there are consequences,” he …

Getting customers to participate is really eye opening, as they have taped receipts from competitors on Market Basket's windows. “There's no ring leader. There's no crew,” Simões exclaims. “It's very convincing…You don't see this in American corporate …

Stating that the Great Depression was due to a long period of competitive devaluation of national currencies, Rajan said, "we are back to the 1930s, in a world of competitive easing. "Back then, it was competitive devaluation, but competitive easing …