Exchange
in sentence
3719 examples of Exchange in a sentence
Stocks on the New York
exchange
are overpriced.
More generally, he fears that the expansion of anonymous monetary
exchange
erodes social cohesion, and argues for reducing money’s role in society.
Then again, part of our unease probably has to do with what we perceive as an unequal
exchange.
If that money had been earned by selling a portion of a lung, or represented savings painfully accumulated during years of backbreaking work, we might consider the
exchange
more equal.
The limp debt
exchange
agreed to in July can be thrown out and replaced by one that grants the country meaningful debt relief.
The German currency is second only to the US dollar as a reserve currency: 15% of the world's foreign
exchange
reserves are in D-Mark (dollar: 57%).
Consequently, foreign investors often find themselves rewarded with
exchange
rate gains.
The Bundesbank worries about the consequences of the international use of the D-Mark for its monetary policy and for the
exchange
rate.
In one respect the Bundesbank need not worry: The larger the number and the clout of the countries pegging their currencies to the D-Mark, the smaller the impact of the fluctuations of the US dollar
exchange
rate on the German economy.
This will create incentives in Eastern Europe to use the European currency as an anchor for
exchange
rate policies and foreign reserve holdings.
This will not eliminate the orientation of monetary and
exchange
rate policies in these countries towards the EMU.
Thatcher was referring specifically to the dangers of fixed
exchange
rates, and can certainly not be counted as one of the principal architects of the so-called “efficient markets hypothesis.”
This has come late in his term, and he might well continue to favor the rich and Wall Street in
exchange
for campaign contributions in 2012, but there is a glimmer of hope that Obama will defend a fairer budget policy.
Simultaneously, the international community must help make the unity government work by recognizing Hamas’ right to govern in
exchange
for a performance-based stability plan.
In
exchange
for gas, defense technology, and military intelligence, Greece is now offering its airspace for Israeli air force training.
But after almost half-a-century of floating
exchange
rates, the reality is more complicated than that.
The terms of trade will thus remain unchanged, as long as the
exchange
rate does as well.
Here is where a floating
exchange
rate comes in.
By enabling monetary expansion, and thus causing the US dollar to depreciate, the logic goes, a floating
exchange
rate allows the prices of US exports to decline relative to its imports.
But this line of reasoning assumes that a country’s terms of trade move in lockstep with its
exchange
rate.
We exclude the prices of commodities (oil, copper, and other such goods that are traded on an exchange), as these prices are not sticky.
As it turns out, there is no evidence that the terms of trade and the
exchange
rate move in tandem.
On the contrary, a 1% depreciation in the bilateral
exchange
rate is associated with only a 0.1% depreciation in the bilateral terms of trade in the year of the depreciation.
As a result, the terms of trade change very little, even if the
exchange
rate fluctuates.
In fact, we document that global trade prices and volumes are driven by the dollar
exchange
rate, rather than the
exchange
rate between the two trading partners’ currencies.
So fluctuations in the price and quantity of India’s imports from China, for example, depend on the rupee-dollar
exchange
rate, rather than the rupee-renminbi
exchange
rate.
Friedman was right about one thing: flexible
exchange
rates do provide valuable monetary-policy independence.
In addition to pledging to liberalize
exchange
and interest rates, the final document also calls for allowing domestic private capital to form small and medium-size banks.
When incomes get significantly out of line with productivity levels (as they have recently), reviving growth requires resetting the terms of trade, which can be done with
exchange
rates, whether managed or set by markets.
And collaboration and
exchange
of people make for profitable businesses and higher standards of living.
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