depreciation of currencies
111Tequila Effect — Informal name given to the impact of the 1994 Mexican economic crisis on the South American economy. The Tequila Effect occurred because of a sudden devaluation in the Mexican peso, which then caused other currencies in the region (the Southern… …
112Crawling peg — An automatic system for revising the exchange rate. It involves establishing a par value around which the rate can vary up to a given percent. The par value is revised regularly according to a formula determined by the authorities. The New York… …
113crawling peg — An automatic system for revising the exchange rate. It involves establishing a par value around which the rate can vary up to a given percent. The par value is revised regularly according to a formula determined by the authorities. Bloomberg… …
114steadily — steady stead‧y 1 [ˈstedi] adjective 1. happening, developing, or moving in a continuous gradual way: • There has been a steady decline in demand over the past 12 months. • The market has experienced three years of steady growth. • We continue to… …
115Hyper Inflation — Automated systems which administer hyper inflation currencies have facilities to allow for the rapid and regular depreciation of a currency. See also Inflation …
116devaluation — A fall in the value of a currency relative to gold or to other currencies. Governments engage in devaluation when they feel that their currency has become overvalued, for example through high rates of inflation making exports uncompetitive or… …
117devaluation — A reduction in the value of a currency relative to gold or to other currencies. Governments engage in devaluation when they feel that their currency has become overvalued, for example through high rates of inflation making exports uncompetitive… …
