Your English writing platform
Discover LudwigSuggestions(2)
Exact(12)
But it was evident that China had held its exchange rate down, boosting its companies at the expense of others.
And it would also tend to push the exchange rate down, leading to higher exports and import substitution, and increase activity that way too.
The more domestic savings can be put to work, the less need is there for foreign capital, and using local funds helps keep the exchange rate down and promotes export growth.
Standard economic models predict that when interest rates are low and governments borrow less, foreign capital inflows dry up, dragging the exchange rate down and shifting growth from domestic demand to exports.
By keeping the exchange rate down, China's critics allege, it has gained a substitute for the mercantilist measures it gave up to join the WTO.Foreign frustration is partly a sign of China's success.
Too few, and it will be unable to bring the unofficial exchange rate down, or improve the massive fiscal deficit (currently at least 15% of GDP) by depreciating the average exchange rate.
Similar(48)
He travelled to London to the British Museum Newspaper Library and put together historical data on prices and exchange rates, down to the day.
Because the European Central Bank does not accept as collateral any bonds issued in Eastern currencies, though, investors have been loath to hold them, and that pushes exchange rates down across the region.
In the second quarter, the total value of private equity deals across Europe fell to its lowest level in four years: 10.8 billion euros ($12.24 billion at current exchange rates), down sharply from 16.3 billion euros in the first quarter and 25.1 billion euros in the last quarter of 2002, according to Initiative Europe, a British-based research firm that tracks the market.
CENTRAL banks have historically been regarded as the guardians of a currency's value, but occasionally they want to drive their exchange rates down.
This week the exchange rate was down to around €1.26 compared with €1.42 in August last year.
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