Sentence examples for massive currency from inspiring English sources

Iceland's economy collapsed in late 2008 as a result of massive currency depreciation and the failure of its domestic banking industry.

Back when its economy virtually collapsed, the country suffered a run on its banks, followed by a freeze on withdrawals, a massive currency devaluation, and the largest sovereign-debt default in history.

In an effort to diversify its massive currency reserves away from dollars, China had already stepped up its purchases of euro zone sovereign bonds prior to the financial crisis.

What would matter greatly is that their existence as currency-insurance policies would allow me to invest in Spain without having to worry about unpredictable, and massive, currency movements.

Mr Sumner cites Barry Eichengreen's research indicating that the massive currency depreciation associated with abandoning of the Gold Standard was the key to escaping the Great Depression the earlier a country left gold, the faster it recovered.

The U.S. Treasury Department and the International Monetary Fund unwittingly fueled this epidemic by advocating massive currency devaluations.

Separately, an adviser to the central bank called for yuan reforms in "a bold and decisive" fashion to reduce the central bank's massive foreign currency buying, which has pumped excessive cash into the economy and exacerbated inflation risk.

As a result over half of global economic activity is concentrated within two massive single-currency blocs.

Thus, money flowed out of Italian sovereign debt into so-called "core" Europe, the Nordics, and Switzerland, which responded with a massive campaign of currency intervention.

these days lies in what to do about China's massive intervention in currency markets to slow the rise of the renminbi.

Moreover, the crisis of trust in the alliance precipitated a drop in market confidence among foreign investors and massive transfers of currency abroad by South Korean companies until the situation stabilized.