This view is grounded in the belief, and expectation, that inflation follows any devaluation of currency. Hence, the conclusion that the real exchange rate cannot be affected by policy. However, given China's remarkable performance in recent decades, this traditional view is being reexamined. ...
Development assistance loans provided by the World Bank and International Monetary Fund are accompanied by structural adjustment programs that must be implemented as a condition of receiving the loan. These economic reforms often include currency devaluation, inflation control, increased taxation, market lib...
To make the fixed exchange rate system more credible, and to prevent regular devaluation, countries will sometime use a currency board arrangement. With a currency board, there is no central bank with discretion over policy. Instead the country legislates an automatic exchange rate intervention mecha...
The persistence of drug taking despite its adverse consequences plays a central role in the presentation, diagnosis, and impacts of addiction. Eventual recognition and appraisal of these adverse consequences is central to decisions to reduce or cease use. However, the most appropriate ways of conceptu...
the IMF advocated an external currency devaluation, which would have precluded the Baltics from joining the eurozone as a crisis exit strategy. Moreover, the decision to not devalue their national currencies was made because a large proportion of loans in the countries had been denominated in ...
to foreign exchange risk, raising the interest rate in the US is indeed an indispensable trigger. Hence, in July 1997, when the Thai baht suffered sharp devaluation, a shock wave soon reverberated across the region. The Malaysian currency was devaluated dramatically, and the index of the...
In the event of a sovereign default, the entire unpaid balance of the debt becomes a concern. The defaulting country may experience economic repercussions, including a recession or currency devaluation. Additionally, the default may lead to the exclusion of the country from debt markets for an ext...
(the devaluation of the currency, linkingthe sale of offices to tax-farming, the confiscation of properties, the extension ofthe methods of the fixed-amount hases, and annual salaries, the introduction ofa whole range of substitute moneys) were devised to shift some of the burdensonto the ...
when the Thai baht suffered sharp devaluation, a shock wave soon reverberated across the region. The Malaysian currency was devaluated dramatically, and the index of the Kuala Lumpur Stock Exchange went down from 1200 to 260 points....
The yuan, abruptly untethered from the US dollar, would collapse in value worldwide – ending any dreams of it being a global reserve currency. Chinese people would rush to “hard” – ideally movable – assets to protect their wealth. The second-largest economy in the world could abruptly ...