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Exact(22)
The impact of exchange rates reduced revenue by 123 million euros in the fourth quarter and 494 million euros during the full year, Mr. Lévy said.
"We make a lot of mistakes, for example not taking into account the impact of exchange rates on the costs of equipment".
It said profits fell by 2.5%, excluding the impact of exchange rate changes and exceptional items, including the sale of the chain's manufacturing division.
Solute transport in the sediment was modeled to demonstrate the impact of exchange properties imparted by the allophane compared to other possible clay mineral assemblages.
There is also evidence that pass-through has declined with time.Pass-through has declined with time, but one suspects that the impact of exchange rate movements likely increases over time.
The authors argue persuasively that any framework of macrofinancial stabilization for an open economy should combine traditional monetary policy with macroprudential frameworks with an external orientation together with an eye on the financial impact of exchange rates.
Similar(38)
Such "natural hedges" limit the impact of exchange-rate changes.
Thanks to the astonishing innovation of the past few decades, derivatives can help firms and investors to hedge risks (there are plenty of Chinese manufacturers who would be grateful for an easy way to soften the impact of exchange-rate shifts).
Shifting purchases to higher-cost producers amounts to imposing a tax on American consumers, says Stephen Roach, chief economist of Morgan Stanley.Even where America and China do compete, as in electronics, the high import content of China's exports blunts the impact of exchange-rate movements on export prices, because a rise in the yuan reduces input costs.
Assuming no other policy changes, HSBC estimates that the dollar needs to fall by a further 30% to reduce the deficit to 2-3% of GDP.Another reason why any plausible revaluation of the yuan would do little to reduce America's trade deficit is that China's exports have a high import content, which limits the impact of exchange-rate movements on export prices.
Padma's current research focuses on the development of modern religious sites in India and the impact of exchanges with South Asia on the counter-culture movement in California.
More suggestions(19)
impact of interaction
impact of market
outcome of exchange
effect of exchange
impact of discussion
impact of interchange
impact of currency
impact of fellowship
impact of rate
impact of share
impact of sharing
consequences of exchange
effects of exchange
impact of fellowships
impact of overpopulation
impact of tobacco
impact of computer
impact of inflation
impact of history
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