| 单词 | competitive devaluation |
| 释义 | competitive devaluation After an acrimonious debate, the wording of the communiqué called on members to avoid only 'competitive devaluation' of currencies. Times, Sunday Times Policymakers there would welcome a competitive devaluation of the currency if they could secure it. Times, Sunday Times The former fail to adapt domestically and to their new global roles and tend towards competitive devaluation and credit expansion to maintain the status quo. Times, Sunday Times But as everyone knew in the 1930s, not every country can depreciate - and the urge to recover through devaluation sets off a game of competitive devaluation and trade retaliation. The Times Literary Supplement For several years after this global trade was disrupted by competitive devaluation and by retaliatory tariffs. Retrieved from Wikipedia CC BY-SA 3.0 |
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