Your English writing platform
Discover LudwigExact(3)
They began to cut interest rates and turn fiscal restriction into fiscal expansion.Malaysia slapped on exchange controls in September, the better to engineer an expansion at home without risking further currency falls.
High real interest rates could be tolerated because corporate debt-to-equity ratios were quite low, because inflation kept eroding the real burden of the debt.In Asia, the Fund failed to see the danger of fiscal restriction where budgets had long been roughly in balance.
When the crisis hit, the violence of the outflow owed much to the realisation that much of the capital should not have been committed in the first place, according to western prudential standards.Enter the IMFWhen the Fund negotiated its programmes with Thailand, Indonesia and Korea it demanded high real interest rates and fiscal restriction.
Similar(57)
This time round, whether due to fiscal restrictions or consumerist ennui (unlikely), the fashionable set plumped unanimously for denim.
Neither Mario Monti, the technocrat who served as prime minister from 2011 to 2013, nor Letta have been able to gather any significant support for their plans to adapt Italy to the EU's fiscal restrictions.
The sad thing is that a few more fiscal restrictions could have prevented a debacle that looks likely to end the big-budget career of a pair of creative mavericks.
There are too many legal or fiscal restrictions for startups but also small French companies.
However, discretionary changes to benefit systems or the creation of new benefits may take some time and may be more difficult to administer and deliver, in particular if new groups are to be integrated or new benefits created – or if fiscal restrictions are considered.
Back in March, the World Bank shined a spotlight on the worsening state of the Palestinian economy, stating that political tension and fiscal restrictions imposed by Israel threaten the long-term, global competitiveness of the Palestinian economy.
Thanks in part to the European Central Bank's tight monetary policy, in part to the fiscal-policy restrictions of the stability pact and in part to their own failure to implement reforms, the biggest European economies have grown only sluggishly in recent years.
In return, government must put new options on the table including lifting national planning restrictions; fiscal devolution; and increased responsibility for design codes and standards.
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