High oil prices and a big devaluation in 1998 have generated a huge trade surplus.
The IMF remains addicted to currency devaluation, which invariably retards economic recovery and growth.
Another gamble is Indonesian short-term deposits, yielding about 33% even after a 76% devaluation.
In such circumstances, economics suggests two possible remedies: either a devaluation, or a modest fiscal stimulus.
Its toxic prescriptions of devaluation and tax increases turn routine economic adjustment into devastating disasters.
Only a devaluation of the dollar creates an export led recovery, but this is far fetched.
The negative aspects of the devaluation are generally felt first in commodities prices, and interest rates.
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Excluding the impact of Venezuela's currency devaluation and other items, it earned 77 cents per share.
The actual U.S experience with devaluation indicates that the any benefits would be transitory at best.
So the impact of devaluation on the cost of the debt should be short-lived.
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International Monetary Fund prescriptions of devaluation and bone- crushing austerity invariably make a country's economy worse.
Most governments, when faced with excessive debts, have defaulted either legally or via currency devaluation.
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The 3G-spectrum devaluation is partly due to widespread perception that the European winners simply overpaid.
By August 27th, the rouble had fallen by half since its devaluation ten days earlier.
Many of you have expressed in your posts a similar concern about hero devaluation.
For one, further devaluation of the euro almost certainly ensures higher interest rates on euro debt.
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That was mainly because devaluation took place in a deeply depressed economy with high unemployment.
Another undesirable legacy of the Berlusconi government is a devaluation of civic and public ethics.
Otherwise investors may lose confidence in the dollar, triggering an unwelcome American version of competitive devaluation.
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But if they react, that makes the U.S. unhappy and starts another competitive devaluation throughout Asia.
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Thailand, despite a recent bump up in the market following the baht devaluation, represents considerable risk.
Unfortunately, devaluation only for those needing it is not now an option in the Euro zone.
And a devaluation on this scale is far more likely to trigger other devaluations throughout Asia.
He thinks devaluation is usually preferable to raising interest rates to prop up a currency.
The IMF-peddled solution to this is "internal devaluation" - wages fall, prices fall, asset prices fall.
Indeed, a forced devaluation may do much more harm to investor confidence than continuous exchange-rate fluctuations.
They did not need a pro-cyclical fiscal policy to stave off default or devaluation.
Applying all of the above to Switzerland, inflation unquestionably steals any presumed benefits of devaluation.
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But some of the capital fleeing Brazil has simply been seeking safety against a possible devaluation.
These should ensure there is no repeat of the capital flight and eventual devaluation of 1994.
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