Sentence examples for a large devaluation of from inspiring English sources

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.

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.

Any bailout package would be likely to involve drastic austerity measures and radical economic reforms for Italy's stagnating economy, overseen by international monitors – but it would not involve one of the key ingredients of the traditional IMF package, a large devaluation of Italy's currency.

The banking crisis of 1980 and the collapse of the managed exchange rate system in 1981 were followed by a large devaluation and the reversal of capital flows.

This is what happened in Argentina after it floated its currency, resulting in a large devaluation, at the beginning of 2002.

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.

In a speech last month in Tel Aviv, Peres said the U.S. officials had suggested two ideas for economic recovery: "One in effect a large devaluation, and the other to abolish linkage". Devaluation would lower the value of the Israeli shekel in relation to other currencies, making imports to Israel more expensive and exports more attractive.

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

First, the Bank of England would not cut interest rates after a Brexit devaluation (as it did in 1992 and also after the large devaluation of 2008) because interest rates are already at the lowest level compatible with the stability of British banks.

The weakness of British manufacturing is most clearly illustrated by the inability of the country to generate trade surplus despite the large devaluation of sterling since the 2008 crisis.

Instead, as Elizabeth Nolan Brown astutely observed for Reason, "Salaita's story speaks to a larger, worrying devaluation of free speech in 21st century academia".