Sentence examples for gradual devaluation from inspiring English sources

The hope is that the country's existing program of gradual devaluation will eventually cure the problem.

As the global recession deepened last winter, Russia spent about $200 billion, or a third of its precrisis foreign currency reserves, defending the ruble during a gradual devaluation.

But quick changes — including a 4percentt devaluation of China's currency against the dollar in early August, and a gradual devaluation in late December and early January — have led to global bouts of market turmoil.

After supporting the ruble furiously, and losing more than a third of its $597.5 billion in reserves, the central bank backed away from a policy of controlled, gradual devaluation and said on Jan . 22that it would allow the ruble to fall freely up to 10percentt.

And like all great (meaning successful) designers, he recognized a crucial shift in the market well before its impact had been fully realized, in this case how the democratization of fashion would also lead to a gradual devaluation of the concept of luxury.

The theory behind this move was that a gradual devaluation of the dollar would boost exports, which would help stimulate the economy.

Over time, both inflation inertia and the prevalence of large fiscal deficits made the exchange rate system of pre-announced gradual devaluations, which had been adopted to control inflation, unsustainable.

You can pursue crippling fiscal austerity, but this improves the external balance only by driving down the economy and hence import demand, with maybe, maybe, a gradual "internal devaluation" caused by high unemployment.

Namely, that it predicts a gradual adjustment via internal devaluation that eventually restores full employment even with a fixed rate: The key word is, of course, "eventually".

Clearly, Spain needs to become more competitive; maybe the labor market reforms it's trying will do the trick, though I tend to be skeptical; otherwise it's about gradual relative deflation — or euro exit and devaluation.

The best way to get one's mind around the double devaluation of the Chinese yuan is to see it as part of a gradual progression from being a controlled currency, with the exchange rate set by the authorities in Beijing, to becoming a more normal one, with the rate set by the financial markets.