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All of this has been made worse by the 43 percent currency depreciation two months ago, which depressed already sinking living standards.
"They're dealing with a crushing burden of currency depreciation," he said.
Inflation and/or currency depreciation does mean that, in any actual sense, money does run out.
Quantitative easing can no longer help, nor can currency depreciation.
Currency depreciation added $1.1 billion to Toyota's operating profits of $4.1 billion for the period.
Original sin is present among most of the developing economies, especially in periods with high inflation rate and currency depreciation.
The cases of fear of floating mainly focus on the case of currency depreciation.
Capital flight and currency depreciation bankrupted many Asian companies because they had borrowed heavily abroad.
The economy suffered from chronic inflation and currency depreciation; the sanctions exacerbated the structural problems in Iraq's economic system.
Currency depreciation is also a concern.
In turn, the weak dollar prompted more bond sales as investors sought to stanch losses from currency depreciation.
This followed by similar attacks, from massive currency depreciations to a variety of short selling attacks on major companies, sovereign bonds etc.
Currency depreciation is significantly higher in Ireland, Spain and the Netherlands in particular.
Measures like currency depreciation or unilateral retaliation against foreign exports, even if prompted by unfair foreign trade practices, are bad for the American economy.
However, economist Martin Feldstein does not believe gold serves as a hedge against inflation or currency depreciation.
In contrast to interventions against currency depreciation, there is no inherent limit on interventions aimed at preventing appreciation.
Globalised production means that the import component of exports has risen, so the benefits of currency depreciation have been blunted.
Because of currency depreciation related to the panics of 1837 and 1839, Pennsylvania defaulted on its debts, including money owed for canal work.
Against such benefits the borrower has to consider the possibility of domestic currency depreciation against the loan's currency which would increase overall debt service costs.
UIRP is found to have some empirical support in tests for correlation between expected rates of currency depreciation and the forward premium or discount.
Confederate legislative efforts aimed at precipitating the conversion of currency into bonds did temporarily suppress currency depreciation.
By November 1997, rapid currency depreciation had seen public debt reach US$60 bn, imposing severe strains on the government's budget.
Officials also worry that a falling yen will spread to other currencies in Asia, creating a contagion of currency depreciations in already fragile financial markets.
The results surpassed analysts' expectations, even though the weak United States dollar and currency depreciation in Latin America hurt its interest income.
The greater exchange-rate flexibility conferred by the broad bands, while tactically convenient for policy on occasion, did not lead to substantial long-run currency depreciation.