devalue

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Related to devaluations: Currency devaluation
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She not only coined the phrase "beggar-my-neighbour", but concluded that so-called competitive devaluations would be unsuccessful in achieving their advertised objectives.
Financial markets both in Egypt and abroad are already pricing in a devaluation of the pound as reflected in interest rate levels.
They said that devaluations do not work because the real effects get eaten up by rising inflation, and that is true if the central bank continues to print money to fuel inflation when the economy is near full employment.
Angola's central bank devalued the kwanza by about 4 percent and tightened US dollar liquidity in September, after a devaluation of 6 percent in June.
As of now, fears of devaluations and currency wars are vastly exaggerated.
2012), "Fiscal Devaluations in EMU", BBVA Research Working Paper 11.
The textbook definition of currency devaluation, according to Investopedia , is:
Pakistan being a net import has put further pressure on reserves for import payments with the devaluation.
In that case, devaluations (exchange rate depreciations) are contractionary to the economy.
Effect of currency devaluations on INROs daily market indicator price
However, I am deeply sceptical of devaluations having expansionary effects on output.
In most emerging economies (where devaluations tend to be more common), sophisticated industrial machinery is often imported as a matter of necessity.