Dr. Rick C. Ernst
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Competitive Devaluation

Strategic Posture Review: Russia
www.worldpoliticsreview.com

Putin was fortunate in that he assumed power in 1999, at a time when the Russian economy was benefiting from rising world oil prices and a 1998 currency devaluation that made Russian exports more internationally competitive. He then introduced a few …

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Emerging Markets Buy Cheap Dollars to Build Reserves: Currencies
www.businessweek.com

Bloomberg's index of 20 major emerging-market currencies fell 3 percent in January in the worst start to a year since 2009, in a rout sparked by events ranging from the Fed's decision to start pulling back on stimulus to a slowdown in Chinese …

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Avoiding the distraction of a renminbi rant
gulfnews.com

China's currency, the renminbi, has been weakening in recent months, resurrecting familiar charges of manipulation, competitive devaluation, and beggar-thy-neighbour mercantilism. In mid-April, the US Treasury expressed “particularly serious concerns” …

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Where Now After Ten Years Of Eastern Enlargement?
www.social-europe.eu

Capacity for financial convergence is a virtue, but at the same time aggressive “internal devaluation”, i.e. the reduction of wages and government expenditure, which pushes up unemployment, poverty and out-migration, can undermine the potential for …

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Telecom Argentina's (TEO) CEO Stefano de Angelis on Q1 2014 Results …
seekingalpha.com

After the strong devaluation of the currency occurred in last January, the economy showed a strong deceleration mainly due to slowdown in the levels of consumption, a less dynamic industrial sector, a weaker internal demand and higher taxing pressure …

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Martin Feldstein: A weaker euro for a stronger Europe
www.business-standard.com

Devaluation would also boost average euro zone GDP growth by stimulating exports and encouraging Europeans to substitute domestically produced goods and services for imported items. Although competitiveness within the euro zone … and buying a basket …

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The international monetary 'anti-system'
www.centralbanking.com

Either gold would leak out of the more accommodating country, or its currency would be pushed into devaluation, which was monitored and restricted under a fixed exchange rate system such as Bretton Woods. Changes in external imbalances are …

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Great East Energy Inc. Increases Pricing for Its Natural Gas
online.wsj.com

"After seeing months of currency devaluation, we believe the devaluation has subsided which was the appropriate time to raise our local currency prices to reach our target of USD $11.00 MCF. … others, could cause actual results to differ from those …

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(MKTW) Trican Reports First Quarter Results for 2014
online.wsj.com

The job count decreased by 8% due largely to lower coiled tubing activity caused by increased competition in Canada for this service line. Lower coiled tubing activity also had a negative impact on our nitrogen and acidizing job count as these service …

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