Exchange
in sentence
3719 examples of Exchange in a sentence
The crisis challenged the Washington Consensus, which assumed that the world was moving gradually towards free movement of capital and market-determined
exchange
rates.
Devalued
exchange
rates, moderate government budget deficits, and the passage of time all appeared to be equally ineffective remedies.
Hashimoto also proposed an increased level of security cooperation, including the
exchange
of visits between the Chairman of the Japanese Joint Staff Council and the Russian Joint Chief of Staff.
Many have questioned whether agonizing reforms are entirely necessary; if the country returned to the drachma, they suggest, it could implement interest-rate cuts and devalue its
exchange
rate, thereby engineering an export-led recovery.
Though both gained in importance since WW II’s end, globalization of financial markets accelerated in recent years so that movements in
exchange
rates, interest rates, and stock prices in various countries are intimately interconnected.
Market values cannot serve that purpose, because they reflect only what one market participant is willing to pay another in a free
exchange.
Until the currency crashes of the 1990s, emerging and developing countries tended to target their
exchange
rates.
This bit of statistical legerdemain reflects the political sensitivity of Europe’s current-account imbalances, which stems from eurozone members’ inability to rely on the
exchange
rate to restore equilibrium.
The relationship becomes tight when considering the evolution of each country’s real effective
exchange
rate based on the GDP deflator.
Extrapolating from these growth rates suggests that emerging markets could account for well over 50% of world GDP measured at market
exchange
rates by 2030.
The problem is that growth based on low wages, supported by an artificially competitive
exchange
rate, cannot continue for much longer.
In an ideal world, offering financial aid in
exchange
for reforms might help those in the country who want to shape it into a modern European state.
Like Argentina, Greece has a fixed
exchange
rate, a long history of fiscal deficits, and an even longer history of sovereign defaults.
Since the world will not continue to provide the US with goods in
exchange
for dubious financial securities, Americans will have to leave their dream world.
But, in exchange, the Chinese expect business opportunities and, to some extent, political influence.
This will make it more difficult to implement the deal – brokered by German Chancellor Angela Merkel earlier this year – that gives Turkey financial support, and its citizens visa-free travel to the EU, in
exchange
for its cooperation on containing refugee flows.
Russia’s military intervention in eastern Ukraine has placed it in breach of international law and in violation of the Budapest Memorandum of 1994, by which Ukraine surrendered its nuclear arsenal in
exchange
for a guarantee of its borders by Russia, the United Kingdom, and the United States, later followed by China and France.
In the real world of Europe today, debtors cannot break agreements that they have made in
exchange
for aid, and creditors must recognize the need to continue contributing resources to the bailout fund.
That meant diminishing upward pressure on the renminbi’s
exchange
rate.
But China’s leaders must recognize that the country faces massive welfare losses, and thus should be willing to accept slower growth in the short term in
exchange
for a more stable long-term growth path.
For starters, while it would likely cause the renminbi to strengthen, the consensus in China is that the current
exchange
rate is not far from the equilibrium level, meaning that the appreciation would likely be moderate.
A flexible
exchange
rate dictated by market forces would eliminate the opportunities for currency speculators to make one-way bets on renminbi appreciation, thereby diminishing the stock of hot money that currently accounts for the bulk of China’s capital-account surplus.
So was the international community’s sigh of relief after the latest financial rescue – additional money from Greece’s creditors in
exchange
for structural reforms – premature?
In 1994, Russia agreed to defend Ukraine’s territorial integrity in
exchange
for Ukraine’s handover of the nuclear weapons it had inherited from the Soviet Union.
Money started to come back, pushing
exchange
rates nearly up to pre-crisis levels.
For example, consider what Russia gets in
exchange
for its $14 billion-plus investment in this year’s event.
The 7.8
exchange
rate was maintained at the cost – borne by all citizens – of six years of economic stagnation.
If they get their way, the post-World War II international order – which aimed, often successfully, to advance peace and prosperity through
exchange
and connection – could well collapse.
They also cite investment opportunities in emerging markets, and make the obvious point that if China and India stay on track, their economies' relative weight in the world will double in the next decade or so, as rapid real growth is accompanied by appreciation in their real
exchange
rates.
Sooner or later, the Chinese and Indian central banks' desire to hold down
exchange
rates to boost exports and their rich citizens' desire to keep their money in accounts at Bank of America will be offset by the sheer magnitude of investment opportunities.
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