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Both examples involved "weak fiscal management, an uncompetitive industrial structure, cutting spending in a weak economy, open capital accounts and an inappropriate currency peg prior to the crisis," Mr. Jen said.
Both examples were marked by "weak fiscal management, an uncompetitive industrial structure, cutting spending in a weak economy, open capital accounts, and an inappropriate currency peg prior to the crisis," he said.
Similar(55)
The result was that many countries found themselves with currencies fixed at an inappropriate rate of exchange to those of other countries.
These must be combined in a way which avoids inappropriate interactions between the price index and the currency converter.
Under federal law it is illegal to depict a living person on a stamp or on the currency, and it used to be considered inappropriate, to say the least, to name public places after living politicians.
The authors of early bumble bee foraging papers were not aiming to discern whether net rate or efficiency is the currency being maximized; therefore the scales they used were not inappropriate.
No matter how the ECB sets policy, many of its regions are confronting an inappropriate policy rate.Labour mobility is often stressed as a pressure-release valve for a currency area with diverging economic cycles.
The head of the European Central Bank, Mario Draghi, attempted to dampen talk about currency wars ahead of the meeting, by saying loose talk about currencies was "inappropriate, fruitless and self-defeating".
Sounds inappropriate.
How inappropriate.
"So inappropriate".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com