Ever since Czar Paul I has exiled him to his estate, the GeneralinChief, Prince Nikolai Andreyevich Bolkonsky,

Beggar Thy Currency Or Thy Self?

Devaluing Life

Devaluation of the currency.

China s Daring Depreciation

It was a term of abuse, in effect.

20. The national currency was devalued.

I did not mean to belittle the beauty of holiness.

The movie received mixed reviews.

You must abase yourself before her.

But some things I'll only take from Guillaume.

No, no, I don't mean that in a derogatory sense.

A Devaluation Option for Southern Europe

This presents a decrease of some 30 per cent in the value of the United States dollar against the euro.

Another obstacle was the problem of sunken cost.

You write the check, and instantly it depreciates 30 percent.

Slow is a dirty word in our culture.

The value of the dollar declines as the rate of inflation rises.

I'm going to criticize your work with a baseball bat.

Since then, many calls for coordination have lamented the outbreak of currency wars, otherwise known as competitive depreciation an old phenomenon that recalls the tit for tat devaluations of the 1930s. Now, as then, the fear is that if all countries try to depreciate their currency to gain export competitiveness and boost their economies, all will fail.

These are reasonable objections, but they should not be allowed to lead to unreasonable conclusions. The alternatives on offer are internal and external devaluation.

Given these factors, it seems likely that the recent devaluation was driven by a different goal. And, in fact, an announcement made on the same day as the devaluation one that has been largely overshadowed by the panic offers an important indication of what that goal was.

The won has been devalued sharply, making exports more viable.

You enjoy making a person look like two cents, don't you?

But by your behavior, you've degraded the dignity of the church...

He made Jiggs feel like two cents, me even less.

The Romans have degenerated minds, Most High Majesty. They do the unexpected. Particularly one Roman.

Of course, the renminbi s recent depreciation was much smaller than the de facto currency devaluations engineered by the United States and the United Kingdom after the financial crisis of 2008. It was also nowhere near as significant as the devaluation that the Bank of Japan has pursued since 2012.

But the euro s depreciation is too recent to have made much difference yet. Historical evidence, not to mention Japan s experience with a falling yen, suggests that it takes several quarters, or even years, before the positive impact of currency depreciation on net exports is felt.

Don't both of you jump on me. I only mention it as something that should be looked into.

Remember, Your Excellency, I'm Dolokhov, reduced in rank!

Thank you, sir, for not holding fascism against me.

a A higher real exchange rate signifies a real depreciation of the local currency.

But, since none of these countries has a national currency to devalue, they must substitute internal devaluation for external devaluation. They have to cut wages, pensions, and other costs in order to achieve the same gain in competitiveness needed to substitute external demand for internal demand.

Some have accused Japan of fueling a global currency war. Anticipation of aggressive monetary expansion has sharply weakened the yen, which has fallen by almost 20 against the dollar in just over four months.

But also we do not want to relegate to poverty in the rural areas.

depreciation of nonconvertible currencies.

84. Donor countries also provide a mixed assessment of the country strategy note.

Causing embarrassing fatigue of body... degrading experience for soul... et cetera, et cetera, et cetera.

Finally, the renminbi s recent decline against the dollar was only 2.5 , from CN 6.2 to CN 6.35 far below the double digit declines of the Japanese yen, the euro, and the British pound. So, on an overall trade weighted basis, the renminbi is substantially higher relative to the currencies with which it competes.

The standard way to buffer the effects of austerity is to marry domestic cuts to devaluation of the currency. Devaluation renders exports more competitive, thus substituting external demand for the domestic demand that is being compressed.

The dollar shortage created depreciation pressures on the CNY, which the PBoC declined to offset. The CNY was thus bound to fall, which it did last September.

It shows that the filter isn't just yellowface, but yellowface taken to its derogatory extreme.

The RMB middle price is registered at 6.4401, a depreciation of 66 basis points. The rising slows down.

Of course there are some who would view the term club as pejorative.