Denominated
in sentence
112 examples of Denominated in a sentence
Although Japan is now the world's largest creditor nation and the US its largest debtor, its foreign-trade and capital flows are still largely
denominated
in dollars.
Gross public and private external debt is below 40% of GDP, and much of it is
denominated
in rubles.
Because almost all debt held by developing countries is
denominated
in dollars, its burdens increase in tandem with dollar real interest rates.
But financial claims in Greece are
denominated
in euros.
With the bulk of their exports
denominated
in US dollars and their imports priced mainly in euros, chronic structural deficits have wrecked the Franc Zone economies, and the prospect of a second devaluation looms larger by the day.
Most credit in the new member states is provided by euro-zone banks, and most household debt is
denominated
in foreign currencies.
Most important, central banks require liquidity
denominated
in a reserve currency to meet balance-of-payment requirements, to service debt, and occasionally to intervene in foreign-exchange markets.
Furthermore, China should be allowed to convert part of its foreign-exchange reserves into assets
denominated
in the International Monetary Fund’s special drawing rights (SDRs).
Moreover, many emerging-market countries have paid down debt
denominated
in dollars or other foreign currencies, while continuing to borrow in their local currencies.
Worse, the debt that states raise abroad is usually
denominated
in a currency whose value they cannot control.
Two-thirds of all loans issued by local banks in foreign currencies are
denominated
in dollars, compared to just 20% in euros.
(If it devalued the exchange rate, creditors holding Argentine debt
denominated
in pesos would receive a smaller amount in terms of US dollars).
Most US exports and imports are
denominated
in dollars, and the dollar is extensively used in trade that does not involve America.
The second biggest economy in the world is Japan's, but the fraction of its trade
denominated
in yen remains low, even when compared to the smallest European countries.
Take Japanese exports to South East Asia, which are almost 50%
denominated
in dollars due to competition from US exporters.
Issuance of these securities – which are
denominated
in foreign currencies – soared in the wake of the global financial crisis, as many Sub-Saharan countries tapped the international bond market for the first time.
An appreciating dollar would erode America’s net foreign-asset position, because an overwhelming 85% of its foreign liabilities are
denominated
in dollars, while around 70% of its foreign assets are
denominated
in a foreign currency.
The US had similar motives when it phased out bills
denominated
at $500 and above, in 1969.
But, while China’s foreign assets are
denominated
in US dollars, its liabilities, such as FDI, are mostly
denominated
in renminbi.
So, in Yekaterinburg, Russian President Dmitri Medvedev declared that “there can be no successful global currency system if the financial instruments that are used are
denominated
in only one currency.”
European governments’ debt may all be
denominated
in euro, but German and Italian debt are hardly the same thing, so the government euro-bond market lacks the depth and liquidity of the US Treasury Bill market.
For example, the large gas deal that Russia negotiated with China last May, on terms that favored the Chinese, is reported to include prices
denominated
in renminbi and rubles, rather than dollars.
In highly dollarized economies, moreover, fluctuations in the exchange rate, even if they do not seriously impact the economy, may affect income distribution by imposing unexpected and uneven costs on people holding assets and liabilities
denominated
in foreign currencies.
Since all of the accumulated debt is
denominated
in euros, it makes all the difference who remains in charge of the monetary union.If Germany left, the euro would depreciate.
The creditor countries, by contrast, would incur losses on their claims and investments
denominated
in euros and encounter stiffer competition at home from other eurozone members.
Trade with Iran can easily be
denominated
in euros, renminbi, rupees, and rubles, avoiding US banks.
For central banks to be able to act as LLR and MMLR, the financial instruments they purchase and the loans they provide must be
denominated
in their “own” currency.
A central bank that cannot print euros, sterling, or US dollars cannot act as LLR and MMLR if the banks it is responsible for have assets and liabilities
denominated
in those currencies.
Today’s financially bifurcated world features its own inherent threat to stability, as speculative attacks and devaluations lead to more sovereign defaults on debt
denominated
in foreign currencies.
That is because it “has encouraged countries to take part in the ‘deregulation experience’ including reductions in employment protection, lower social security contributions
(denominated
as ‘labor tax’), and lesser corporate taxation.”
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