| 释义 |
devaluation|diːvæljuːˈeɪʃən|
[f. prec. or next: see -ation.]
The process of devaluing or fact of being devalued; spec. the reduction of the official value of a currency in terms of gold or of another currency. Hence devaluˈationist, one who advocates or supports devaluation.
1914Eng. Hist. Rev. Jan. 140 The devaluation of the ancient Merovingian pence. 1921Glasgow Herald 10 Dec. 8 Devaluation has an important bearing on Lord Inchcape's criticism of teachers' salaries. 1922Ibid. 12 May 9 The probable further devaluation of the mark. 1935New Statesman 1 June 793/1 Events in Belgium showed plainly the practicability of limited and controlled devaluation of the currency, and strengthened the hands of the devaluationists in France. 1961D. Woodward tr. Simenon's Premier iii. 84 After the disastrous experiments made by previous governments..the only solution was a large-scale devaluation. 1969Daily Tel. 14 Mar. 3 The 1968 balance of payments figures..must make the devaluationists think twice about the effectiveness of their remedy. |