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  1. The lesson Europe could learn from the Asian currency crisis

    Posted Feb 17th 2012, 12:00am

    ... devaluing its currency, probably by between 30 and 50 per cent. None of this was exactly rocket science, more a statement of the bleeding obvious; although one senior German finance ministry ... per head for Thailand and Indonesia, again indexed to 100 in 1996, the year before the Asian crisis forced them to abandon their pegged exchange rates and devalue their currencies. Recovery ...

  2. History shows currency devaluation may not be a calamity

    Posted Sep 20th 2010, 12:00am by Michael Pettis

    ... is the only way to protect domestic and monetary fiscal credibility. By leaving the euro and devaluing their national currencies, they claim, the afflicted European economies will simply condemn ... wreaked havoc on the monetary arrangements of the pre-war years, France struggled over the issue of what to do with its currency. Like most belligerents France went off gold during the war. ...

  3. Weak currency to blame for rising labour costs

    Posted Apr 07th 2008, 12:00am by Jake Van Der Kamp

    ... separate currencies must adopt ways of controlling the amount of money washing around in their economies to keep their currencies sound. This is just another way of saying that they all have ... a complete hash of managing our own currency and in 1983 had to stop trying to do it and instead adopted a rigid currency board peg to the US dollar. This means that it is a joke to give the name ...

  4. Immovable currency peg upholds unstoppable inflation

    Posted Feb 28th 2008, 12:00am by Jake Van Der Kamp

    ... hadn't noticed it, the US dollar to euro exchange rate crossed US$1.50 yesterday for the first time on record. We are linked to a weak currency in time of local economic strength, a mixture ...

  5. Bonds, currency outlook good

    Posted Jan 09th 2004, 12:00am by Staff Reporter

    ... Nichole Chan Investors advised to watch interest-rate risks, shorten fixed-income portfolios Asian bonds and currencies should perform well this year as inflation and interest rates ... and Indonesia. In addition, Ms Chan expected Asian currencies to appreciate this year as their economies strengthened. Most Asian currencies appreciated 2 per cent to 8 per cent against the US dollar ...

  6. Wages, utilities seen as inflation drivers

    Posted Jun 04th 2010, 12:00am by Eric Ng

    ... bank to lift interest rates once or twice before the end of the year. Wang also believes Beijing will lift the value of the yuan against other currencies by 3 per cent, down from an earlier ...

  7. Business - Economy

    Private schools, dental visits fuel Australian inflation, pushing interest rate cuts off the table

    Posted Feb 03rd 2014, 03:18pm by Reuters

    ... The central bank might also have to ratchet back the rhetorical campaign for a weaker local currency given the risk higher prices for imported goods could further fuel inflation. “Higher near-term ... But with the currency having fallen, the stubbornness of domestic inflation is being revealed. Culprits include long-term changes in spending habits and demographics, including the escalating cost of education. ...

  8. Business - Economy - SINGAPORE

    Singapore economy beats forecasts with 1.8pc expansion

    Posted Jan 03rd 2013, 12:00am by BLOOM

    ... recovery, even as the export-dependent region faces risks from Europe's protracted sovereign debt crisis. The Monetary Authority of Singapore, which allowed faster currency gains in 2012 ... remains firm and capacity is still very tight." The Singapore dollar was little changed at S$1.2207 against the US currency. It gained 6.2 per cent last year, and reached a record in October ...

  9. Business - Economy

    Venezuela June inflation soars to 40pc

    Posted Jul 10th 2013, 10:49am by Reuters

    ... cent following a currency devaluation and heavy state spending last year. The annualised figure tops all the yearly inflation rates since 2008, when the central bank changed its inflation ... began, with 30.9 per cent being the highest A devaluation of the bolivar currency in February, and heavy government spending throughout last year when the late Socialist leader Hugo Chavez won ...

  10. Long-term view needed in fight against inflation

    Posted Jul 22nd 2008, 12:00am by Staff Reporter

    ... to continue, further labour disputes can be expected. There is not much more the government can do about inflation in the short term. The currency peg to the US dollar leaves Hong Kong without control ...




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