Currencies in sentence

1239 examples of Currencies in a sentence

In the early twentieth century, central banks could all devalue their currencies against gold, thereby raising the price level and escaping debt deflation.

The trouble, of course, is that all countries’ currencies cannot depreciate simultaneously.

There are significant efficiency gains to be had by settling transactions in trading partners’ currencies, without the intermediation of, say, the US dollar.

This takes time, but China is already applying to the IMF to have the renminbi included in the basket of currencies that determines the value of the Fund’s unit of account, Special Drawing Rights, with a decision likely in late 2015.

MUNICH – In May 1998, irrevocable conversion rates for the currencies that would be merged into the euro were implemented.

Policymakers there are far from the first to mismanage financial markets, currencies, and trade.

Many European governments, for example, suffered humiliating losses defending currencies that were misaligned in the early 1990s.

The risk on the minds of investors, managers, and government officials is that currency markets – or government-managed currencies buffeted by market forces – often develop too much momentum and overshoot fundamental values.

ISTANBUL – When European Central Bank President Mario Draghi announced in late July that the ECB would “do whatever it takes” to prevent so-called “re-denomination risk” (the threat that some countries might be forced to give up the euro and reintroduce their own currencies), Spanish and Italian sovereign-bond yields fell immediately.

That explains how so many commodity prices can be down in terms of dollars and up in terms of other currencies.

Armageddon Can WaitCAMBRIDGE – Where are global currencies headed in 2011?

Emerging markets’ currencies also collapsed, even in economies with huge foreign-exchange reserves and relatively little debt.

Since then, most emerging-market currencies have rebounded sharply.

The intellectual father of the euro, Columbia University’s Robert Mundell, once famously opined that the optimal number of currencies in the world is an odd number, preferably less than three.

But, even setting aside the equilibrating benefits of flexible currencies, the prospect of a single, omnipotent central bank is not particularly appealing.

Asian governments will probably gradually “lose” their battle in this war in 2011, allowing their currencies to appreciate in the face of inflationary pressures and threats of trade retaliation.

During the mid-2000’s, there was a brief window when some argued that currencies had become more stable as a corollary of the “Great Moderation” in macroeconomic activity.

And, in the previous 100-year period, Argentina’s governments defaulted on international debt on eight occasions, issued about a half-dozen currencies, engineered an episode of hyperinflation, and experimented with capital controls and confiscations.

Competitive currencies promote and protect modern tradable industries that employ a substantial share of the labor force.

We found in our research that countries with competitive currencies were much more likely to experience growth-enhancing structural change.

The performance of emerging-market currencies and other assets so far in the second quarter suggests that deleveraging has begun once again.

But over-saving countries – such as China, Japan, and Germany – that were running current-account surpluses are resisting their currencies’ nominal appreciation.

The trouble, of course, is that not all currencies can be weak at the same time: if one is weaker, another must, by definition, be stronger.

That was the question faced by the Federal Reserve at the height of its quantitative-easing program, when its monthly purchases of long-term assets drove yield-hungry investors into these countries, causing their currencies and asset prices to rise.

Since talk of “tapering” began last year, a growing number of EMDCs have come under pressure: their currencies are depreciating, capital is fleeing, and their central bankers are left with the unenviable task of combating a domestic growth slowdown while maintaining external stability.

Yet simply sitting back and watching their currencies gyrate as capital races in and out is both economically and politically untenable.

Waiting for the Fund - Once a currency gets seriously under attack a meltdown will continue until the full IMF treatment (tight budgets, convertible currencies, bank reform) is applied.

If it allowed the renminbi to appreciate faster, the PBC would not need to buy large quantities of foreign currencies.

First, the proponents of a German exit put far too much faith in the power of weak currencies to fuel an economy.

Before the introduction of the euro, countries such as Italy, Greece, Spain, and Portugal – and until the 1980s, France as well – regularly devalued their currencies.

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