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Currency in sentence

4390 examples of Currency in a sentence

For the SDR to become a true international currency, in other words, the IMF would have to become more like a global central bank and international lender of last resort.
The “yes” campaign hoped to win supporters with a utopian vision of an independent Scotland that included European Union and NATO membership; a currency union with England, but no fiscal union; improved public services and social benefits; and lower taxes.
On the other hand, juxtaposed against these positive developments are a fresh set of challenges, namely increasingly pro-cyclical liquidity provision by market makers, the rise of populism, and a temptation to rely on currency depreciation as a substitute for structural reforms.
While Argentina and Turkey are noteworthy exceptions, most major emerging-market economies have been liberated from the “original sin” of issuing dollar-denominated debt, and thus can borrow in their own currency.
With faster global growth, exchange rates would bear the burden of domestic macro adjustments, and allow for a re-slicing of the (larger) growth pie through currency movements.
This raises the risk of a feedback loop between emerging-market currency depreciations and developed-market political responses, which include tariffs and other trade measures designed to protect a shrinking pie.
In the past, emerging-market governments defended exchange-rate pegs, which meant that stress was borne first by local interest rates rising sharply, and then through wider external debt spreads as currency pegs came under pressure.
This may imply larger, but less disruptive, currency adjustments than in the past.
Whether one views this as currency manipulation or as an accidental by-product of lower interest rates is irrelevant.
Emerging markets know this, and are upset – Brazil has vehemently expressed its concerns – not only about the increased value of their currency, but that the influx of money risks fueling asset bubbles or triggering inflation.
But, given the absence of any conspiracy, falling inflation, and the inability to use gold as a currency, such arguments cannot be sustained.
A currency serves three functions, providing a means of payment, a unit of account, and a store of value.
In general, deleveraging by households, governments, and financial institutions should be gradual – and supported by currency weakening – if we are to avoid a double-dip recession and a worsening of deflation.
Countries that can still afford fiscal stimulus and need to reduce their savings and increase spending should contribute to the global current-account adjustment – via currency adjustments and expenditure increases – in order to prevent a global shortage of aggregate demand.
The political implications recall the experience of the twentieth century, when the pound’s external value was a national obsession in the UK and currency crises regularly destroyed the credibility of governments and wreaked political havoc.
The party regained power in 1974, but within two years Britain was hit by another currency crisis – this one large enough to require support from the International Monetary Fund.
The economic effects of Britain’s twentieth-century currency crises were far less severe than the political repercussions.
Those, including Cameron, who support continued EU membership emphasize that Europe (but not the single currency) is a source of strength and stability for the UK.
The first would erupt with a successful speculative attack on a large eurozone country’s bonds, immediately jeopardizing the single currency’s survival.
United States Treasury Secretary Timothy Geithner has already accused China of currency manipulation.
Global integration of China’s financial sector will require opening the capital account, which will have to be carried out steadily and with considerable care; but it will be a key step toward internationalizing the renminbi as a global reserve currency.
Brazil has quietly dropped its decade-long commitment to floating its currency, and has moved to a de facto semi-fixed regime, with the exchange rate allowed to move only within a narrow band slightly above two reals to the US dollar.
Putin’s Russia needs oil at $100 a barrel and will start running out of currency reserves in 2-3 years.
Reckless budget deficits can lead to a weak currency; so can low interest rates.
China recognizes that its currency needs to appreciate over the long run, and politicizing the speed at which it does so has been counterproductive.
It put forth dotty ideas about an Islamic common market, Islamic NATO, and an Islamic currency.
When government debt payments are fixed in currency terms, as they typically are today, countries get into trouble.
Should GDP-linked bonds be issued in the national currency or in a reserve currency?
With Ireland’s troubles threatening to spill over to Portugal, Spain, and even Italy, it is time to rethink the viability of Europe’s currency union.
The country has just suffered another textbook attack on its currency.
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