currency devaluation

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See: inflation
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With existing inflation rates far below their target values, the European Central Bank and the Bank of Japan can use currency devaluation to increase domestic inflation by increasing the prices of imports.
And just as sales help stores sell more of their products, currency devaluation helps countries sell more exports, boosting the economy.
Investors were heartened by the G-20 advanced and major developing economies pledging to avoid a global currency devaluation race, but refrained from active buying as the dollar remained almost unchanged at the lower 81 yen level, brokers said.
The demand for imported goods will continue to be weak through the first half of the year as the most recent currency devaluation causes them to lose their cost-competitive edge.
At the same time, the brewer has said it plans to raise prices by as much as 4 percent this month to offset an increase in import costs caused by Brazil's currency devaluation.
While most of the front-page article was devoted to assertions that the devaluation of Brazil's currency would not affect China, it quoted analysts as saying the devaluation or floating of the yuan "may not trigger the fresh round of currency devaluation that has been feared by most people.
According to the traditional view [Takayama, 1969, CJE], currency devaluation will have an expansionary effect on domestic output if nominal wages are set by the labor union and actual employment is determined by labor demand.
When it comes to currency devaluation, the analysis is not that simple, however.
Second, economics theory is nicer to any currency devaluation save its unintended consequences in an open economy setting.
Chavez is facing growing discontent over shortages of electricity and water and a sharp currency devaluation as he heads into legislative elections in September that could reduce his tight grip of the OPEC nation's Congress.
Work on refurbishing London Underground stations has uncovered 80-year-old advertisements showing local houses for sale for pounds 600, a fraction of the cost of homes in the capital today, even allowing for currency devaluation.