Almost exactly a year ago we discussed the issues faced by India, as the nation's currency weakened to record lows (see post). We are now back to another round of rupee devaluation. In the last few days the USD/INR exchange rate exceeded the …

RAM Ratings opines that this unprecedented policy is not aimed at triggering a competitive devaluation of the yen, but is rather an attempt to induce inflation. In this respect, we recognise the stronger commitment and better coordination between the …

They are calling for more wage-cutting, more price-cutting, more budget-cutting, and more tax raising, in short more of what technocrats call "internal devaluation." Let me break this down. The Troika knows that they cannot depend upon spending from …

… the explanation has to be a combination of the worry that the US data looks far too mixed for the Fed to consider a taper any time soon while the ECB can't join the competitive devaluation game and the UK data is improving sufficiently to keep …

The temptation for central banks to engage in competitive devaluation is fading as rising Treasury yields diminish the allure of assets in emerging markets, Bank of Israel Governor Stanley Fischer said. "All those who've been worrying about so-called …

In an interview published Thursday Takehiko Nakao, vice minister of finance for international affairs, told the Wall Street Journal "Japan has no intention whatsoever of competitive devaluation of the yen". Japan should not be criticised if well …

That would give exporters more local-currency earnings with which to repay debt. But competitive devaluation can't work for everyone. Having spent the last four years battling inflationary capital inflows from the West, Asia's monetary doctors must now …

For instance, exporters of electronics products are taking a hit because of the rupee's depreciation, as 70-80% of electronics are imported in the country and then re-exported after value addition. Moreover, experts say that the advantage of currency …

Without bringing the price of the Jamaican dollar into alignment with its real competitive value, none of this will be possible. This is called devaluation: a word for which today's politicians have a mortal fear. Devaluation, however, is a necessary …