For this sort of austerity requires the ability to devalue the currency and also to be able to control local interest rates.
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The Fed policy to devalue the currency to keep inflation steady is the wrong move because prices on gasoline and food have gone up.
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Perhaps stigmatize means to devalue the currency of a weapon.
Capriles laid out potential major themes for his campaign, bemoaning violent crime, persistent poverty and a troubled economy that led the government to devalue the currency last month by more than 30 percent.
All this puts pressure on the mainland to devalue its currency, the yuan.
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Inflation is the process by which monetary authorities devalue their currency, and as Zimbabwe is teaching us now, one way to devalue is to overissue the currency in question.
Up until the moment politicians bow to the inevitable and devalue their currency they always insist that exactly the opposite is what's in their mind and that there are no problems.
The third alternative is for Greece to leave the currency union and then devalue the New Drachma.
Long lines of customers packed Venezuelan electronics and appliance stores after Friday's announcement of plans to devalue the country's currency by nearly a third.
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Now, dollars sell on the black market at three times the official exchange rate and Maduro has had to devalue Venezuela's currency, the bolivar, twice this year.
The Bush administration allowed Argentina to devalue its currency and break contracts, all under the watchful eye of the IMF, while it kept quiet about a policy option that could have spared Argentina, Latin America and the world of the worst effects of such drastic steps.
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Stable Money, ideally, means a gold standard system. (For smaller countries, it can mean a link to a reliable international currency.) Although it is possible to devalue the debt away, unfortunately you also devalue your economy away at the same time.
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The U.S. dollar hit a four-year high versus the yen overnight as the BOJ works to devalue its currency.
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Years of following IMF policies and a hard peg to the dollar caused the meltdown, as Argentina saw its currency devalue 400% and its economy plunge.
"Greece has to exit the Euro, it has to get competitive, has to devalue currency and then almost needs a Marshall Plan, " she says.
We have to fear that another round of quantitative easing will do no more than devalue the dollar as a paper currency and lead to more speculation in gold and other commodities.
The interim president said he would not devalue the national currency, the peso, nor end its peg to the US dollar - seen by financial analysts as alternative ways to deal with Argentina's enormous economic problems.
Others call for Greece to withdraw from the euro so it can devalue its currency.
Regardless, Professor Hanke pressed on, even through the devaluation, in demonstrating that Argentina did not have to devalue its currency and if it desired to leave its peso-dollar tie, it could do so by dollarizing the economy.
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There are those who worry about Hong Kong's competitiveness as other Asian countries devalue and its own currency remains nailed to the American dollar.
Many economists also believe that the government, which has kept the country's currency, the ringgit, pegged to the dollar since August 1998, might devalue at some point next year.
There may be some political pressure from exporters to devalue, but there is none from heavy selling of the currency.
All of this economic destruction is creating a perilous global race to devalue currencies for trade purposes against the dollar (a weaker currency makes the price of exported goods more attractive).
Scandinavian countries and Switzerland are probably the only true AAA nations left, but their economies are not big enough for them to field reserve currencies, and in fact Switzerland is trying to devalue its currency, as its exporters are hurting from the highly appreciated Swiss franc.
"It could, if it wanted to, devalue its currency, and that would relieve some of the pressure, " says Mr Batstone-Carr.
Also, government debt itself is a currency negative on the margin owing to market fear that the government might devalue its way out of it.
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The European Central Bank has also hinted it may further lower its interest rates in an effort to devalue its currency.
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