Devaluation occurs when a country creates a downward adjustment of its currency value to balance trade. Devaluing a currency reduces the cost of a country's exports and makes imports less attractive. As exports increase and imports decrease, there is typically a better balance of payments as the ...
Devaluation encourages export but increases the foreign indebtedness of a state and causes a rise in prices of imported goods. By the same token, devaluation intensifies the political and economic contradictions of capitalism. The burden of devaluation, through the rise in prices and tariffs, is ...
When a nation devalues its currency, the goods it imports and the overseas debts it must repay become more expensive. But its exports become less expensive for overseas buyers. These competitive prices often stimulate higher sales and help to reduce the deficit. Dictionary of Financial Terms. Cop...
Power struggle of two leaders; Influx of heroin in the country; Devaluation of currency. Tasker,Rodney,Lintner,... - 《Far Eastern Economic Review》 被引量: 0发表: 2001年 Remembering What the Euro Is For And, finally, the removal of the devaluation 'quick fix' encourages both companies ...
The J-curve describes the pattern of the balance of trade after the currency devaluation such that the trade balance falls in the beginning and then rises later. 6. The J-curve effect could be a result of currency contract period and pass-through price adjustment. ...