competitive devaluation meaning
[Economics]
The devaluation of a country's currency to make its economy more competitive in international trade, rather than to correct an ongoing disequilibrium in the exchange rate.
The devaluation of a country's currency to make its economy more competitive in international trade, rather than to correct an ongoing disequilibrium in the exchange rate.
Examples
More: Next- yet if china devalued, a further round of competitive devaluations across asia would redouble the turmoil
- Worry instead that competitive devaluations create the potential for trade wars.
- This creates a risk of competitive devaluations in the region.
- The competitive devaluations could lead to high inflation and recession.
- A union with a few members anyway wouldn't stop competitive devaluations.
