Exact(13)
Devaluation for Greece would increase the burden of euro-denominated debt.
This has contributed to the need for painful internal devaluation for some countries in the euro area to restore competitiveness.
Uruguay will allow its currency to weaken at a faster pace to offset a falling currency in Brazil and a devaluation for trade in neighboring Argentina.
A sharp devaluation, for example, can eliminate bureaucratic allocation of foreign exchange.A third reason is the sheer scale of the needed adjustments.
Mr Ramírez may also favour devaluation, for it would give PDVSA more bolívares for its oil dollars, and him more power.
But even if the whole economy were to merge at that rate, it would still represent a 90% devaluation for most.Typically, a country embarking on such an upheaval would get financial help from the IMF and World Bank.
Similar(47)
Leaving aside competitive currency devaluations for the moment – another factor in this game – such policies cut off all avenues to economic growth.
His idea was widely criticized; Michael Mussa, a former chief economist for the International Monetary Fund who is now with the Institute of International Economics, noted that the fund's articles of confederation expressly forbid devaluations for the purpose of increasing international competitiveness.
While the local real estate/rental markets remain on fire, given an increasingly restrained funding environment, devaluations for once-hot startups, notable recent layoffs at high-profile tech companies and a challenging IPO market, many observers portend an ominous environment ripe for a bust similar to the early 2000s.
Whether food banks or shoplifting or the devaluation of wages for British workers, the effect has been the same.
Such situations increase chances for devaluation of newcomers' individuality or heritage, or in Shields' (2004 117) term, being 'pathologised'pathologised
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com