Sentence examples for a large devaluation from inspiring English sources

This time, a large devaluation would be much less benign than in 1992, for at least three reasons.

Now, although a large devaluation of the pound was necessary at some stage, it is unfortunate that it should have come so abruptly, and that some policymakers have been a little too enthusiastic about it in their public comments.

In the absence of such support, Grexit would be the equivalent of announcing a large devaluation more than 18 months in advance: a recipe for liquidating all Greek capital stock and transferring it abroad by any means available.

The obvious way to get there is through a large devaluation; yes, in the end this probably does come down to cheap deals that attract lots of British package tours.

But China has been keeping its currency pegged to the dollar — which means that a country with a huge trade surplus and a rapidly recovering economy, a country whose currency should be rising in value, is in effect engineering a large devaluation instead.

The Uzans, who were not available for interviews and whose representatives declined to speak on the record, have argued in interviews and in court that the entire conflict reflects their suppliers' unwillingness to face up to the losses stemming from the global crash in the telecommunications markets, recession in Turkey and a large devaluation of the Turkish lira.

We know that huge current account imbalances opened up when capital rushed to the European periphery after the euro was created, and reversing those imbalances must involve a large real devaluation — a devaluation that has barely begun.

Already struggling to contain political corruption scandals in Congress and manage a deepening energy crisis, the Brazilian government is now confronting accusations that a former president of the Brazilian central bank sold information to private bankers just before a large currency devaluation here two years ago.

In short, a simple, market hedge existed which allowed investors attracted by the value on offer amongst Hong Kong's deeply discounted assets, but worried about the potential for a large currency devaluation, to deploy capital in Hong Kong's equity, fixed income and real estate markets.

Wolfgang Munchau, in the course of an article I otherwise agree with, argues, contra what I and others have been saying, that there isn't a need for a large real devaluation — internal or otherwise — on the part of Spain and other peripheral economies: The distortions in competitiveness between eurozone member states are important, but in the short run, I would ignore them for three reasons.

Argentina's default was accompanied by a large currency devaluation that made the country more competitive and that, together with the debt restructuring, provided the conditions for a sustained economic recovery.