Currency
in sentence
4390 examples of Currency in a sentence
All this, and
currency
stabilization, made for an economic boom in Argentina that lasted until 1995, as foreign investors poured money in.
There is no safety valve in
currency
depreciation when the economy is buffeted by external shocks.
On the key issue of being able to issue a “reserve currency” that investors and governments want to hold, Subramanian is correct that China has many of the prerequisites in place.
For example, an inflow of oil money often leads to
currency
appreciation - a phenomenon called the Dutch Disease .
In principle, it is easy to avoid
currency
appreciation: keep the foreign exchange earned from, say, oil exports out of the country.
The monetary union’s distinctive feature is the absence of a common state, despite the single
currency.
The euro’s architects were well aware that the participating states’ maintenance of sound public finances was a vital precondition for the new currency’s stability.
A stable
currency
and sound public finances are two sides of the same coin – that’s just how it is.
The US, benefiting from the “exorbitant privilege” of issuing debt denominated in its own currency, has run current-account deficits for more than 30 years.
When a country gives up its monetary sovereignty, its banks are effectively borrowing in a foreign currency, making them exceptionally vulnerable to liquidity shocks, like that which sparked turmoil in Europe’s banking system in 2010-2011.
The government, unable to print money to bail out the banks or increase export competitiveness through
currency
devaluation, is left with only two options: default or deflation (austerity).
After World War II, the West dismantled barriers to trade and investment flows, and worked to eliminate exchange controls and move to
currency
convertibility.
Foreign speculators actively bet against the baht, and the short sellers included not just hedge funds but also investment banks, including one that was simultaneously advising the Thai government on how to defend its
currency.
And there is still a reluctance to let the
currency
float, something that would discourage Chinese firms from accumulating such large foreign-currency-denominated obligations.
The effect will be much the same as a
currency
appreciation.
It would have been better had Chinese officials encouraged earlier and more gradual adjustment, and if adjustment had come through
currency
appreciation, which would have enhanced workers’ command over imports, rather than inflation, which will make no one happy.
It is no secret that Germany is deeply committed to upholding strong fiscal rules within the
currency
union.
The policy also helped to expand China’s foreign trade and boost its external financial strength (with a robust balance-of-payments position, large international reserves, and a stable currency), thereby creating space for Li to carry out his ambitious reform agenda.
For example, in 2009, Jamaica was faced with a plummeting currency, surging unemployment, and considerable banking-sector risks stemming from exposure to government debt.
It should also be obvious that, in the absence of
currency
markets to act as a “valve” for economic and financial pressures, economic volatility may increase.
Indeed, how can the G-7 have the audacity to make repeated public comments about the
currency
of an outside country and hope for a positive response?
Meanwhile, France, Germany, and Italy are all in the G-7, even though they share the same monetary policy and
currency.
The standard way to buffer the effects of austerity is to marry domestic cuts to devaluation of the
currency.
But, since none of these countries has a national
currency
to devalue, they must substitute internal devaluation for external devaluation.
But, though Europe's
currency
union is at risk, and its banking union remains at an early stage of development, the endlessly creative European Commission is embarking on another adventure: a so-called “capital-markets union."
The
currency
union may survive, but, for millions of people, the euro has already failed in its mission of sustaining growth and ensuring stability.
As a new Europe began showing its face, the single
currency
was the bright creation of visionaries who saw the chance of making an even tighter relationship between European countries.
The common
currency
is but one step in bringing together a peaceful Europe.
Then panic spread to credit markets, money markets, and
currency
markets, highlighting the vulnerabilities of many developing countries’ financial systems and corporate sectors, which had experienced credit booms and had borrowed short and in foreign currencies.
Countries with large current-account deficits and/or large fiscal deficits and with large short-term foreign
currency
liabilities have been the most fragile.
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