, whether in the form of quantitative easing or negative interest rates, greatly appeals to those whose performance is judged by short-term benchmarks rather than long-term goals.
For this reason, people often treat currency devaluation
as a win for the devaluing country and a loss for the country whose currency gets more valuable.
It is clear from (5) that currency devaluation
will definitely raise domestic output if the interest-sensitive effect on aggregate supply is ignored (i.
The results are clear: to slow down economic growth, call for a currency devaluation
While some people see the case of Poland as vindication of "shock therapy", good and reasonable people also believe that sudden currency devaluation
can have catastrophic effects.
He added, 'There is no chance someone in the future pushes a currency devaluation
CITIZENS REACT "The currency devaluation
will certainly affect our business, not only here but in the neighbouring countries as well", said Ahmed Ali, a cement dealer in Juba.
President Hugo Chavez announced a currency devaluation
for the first time since 2005, reports AP (Jan.
The country's currency devaluation
sparked a huge sell-off at the opening of the trading day, prompting a drop in U.
Q Why is currency devaluation
such a big deal anyway?