BEGGAR-THY-NEIGHBOR DEVALUATION


Meaning of BEGGAR-THY-NEIGHBOR DEVALUATION in English

A devaluation that is designed to cheapen a nation's currency and thereby increase its exports at the expense of other countries. Devaluation can also reduce a nation's imports. Such devaluations often lead to trade wars.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.