Currency crisis

...the British currency to the equivalent to 70p to the euro provoked runs on the Irish pound and currency crises. We cannot have a currency crisis now, which may lull us into a false sense of security. As it happens, some of the extra...

In this article: Inflation, Britain, Ireland, Cost of living, Goods and services, EU, and Ronald Reagan

...chief economist, Andrew Lilico, said that if the next occupants of Downing Street hesitate even briefly, they could subject Britain to a currency crisis. With Standard and Poor's, the ratings agency, having issued an explicit warning over...

In this article: Tax, Policy Exchange, Britain, Recession, Standard and Poor's, and Alistair Darling

...the Fed would likely want to prevent a sharp depreciation in the world's most widely held reserve currency because it could spark a currency crisis. Currency issues rarely grace the tongues of central bank officials, who prefer to leave...

In this article: Ben Bernanke, The Fed, United States, Inflation, Financial Post, Mark Carney, and Brown Brothers Harriman

...greater fiscal and monetary restraint than appears likely. Of course, gold should do very well if there is a sovereign debt default or currency crisis. " Einhorn is not alone. John Paulson, who made billions betting on the collapse of the...

In this article: Monopoly, Inflation, David Einhorn, United States, Hyperinflation, Reserve Bank of Zimbabwe, Parker Brothers, and Japan

...of their former perceived value! Perhaps this process is now underway. Perhaps! There is no denying that there are elements of a currency crisis now present in the U.S. The US economy is running the biggest deficit since WW2 and has a...

In this article: US, Japan, and China

...and provide export credit insurance and other market support measures to assist the sector during the difficulties posed by the currency crisis." Launching its submission, ICSA president Malcolm Thompson has called for a 10pc cut...

In this article: Recession and Tax

...meeting in Scotland coincided with the 10th anniversary of the formation of this global forum that emerged in response to the Asian currency crisis. In St Andrews, the finance ministers agreed to continue with their stimulus measures due to...

In this article: International Monetary Fund, US, Recession, European Union, Australia, China, Financial crisis, and University of NSW

...much tea to the Soviet Union and then to the newly created Commonwealth of Independent States but, in the late 1990s, the rouble currency crisis and attendant economic fallout meant orders dried up. Since then, south India has been on a...

In this article: Fairtrade Foundation, India, Owners, Supply chain, Commonwealth of Independent States, and UK

...the central bank can lower rates. Iceland's financial system collapsed last October under the weight of debt, leading to a currency crisis, rising unemployment and public protests. As a result, it was forced to agree a $10bn (GBP6.1bn)...

In this article: Iceland, Unemployment, Jyske Bank, International Monetary Fund, Sri Lanka, and US

...or even to do this themselves. I don't yet see such a catalysts for a mental reboot in the present period, although perhaps a US$ currency crisis might prove sufficient (and hopefully a war won't be necessary). The thrust of my view...

In this article: Depression, US, The Fed, World War II, Ben Bernanke, Recession, Inflation, and Plato