But, even if exchange rates work in mysterious ways, their cushioning effect is undeniable.

But, by cushioning against sufficiently calamitous risks, the same advantages allow the US to procrastinate.

It argues that the state has a role to play in cushioning individuals and society from the impact of rapid economic change.

I therefore commend those developed States that are prepared to support developing nations and assist them in cushioning the impact of World Trade Organization compliance.

NEW YORK In recent years, emerging market countries, including those in Asia, have made impressive strides in strengthening their fundamentals, accelerating their economic growth and cushioning themselves against external shocks.

But, even if exchange rates work in mysterious ways, their cushioning effect is undeniable. The sharp depreciation of the euro after the crisis helped sustain German exports, thereby keeping the eurozone afloat.

While humanitarian assistance remains critical for cushioning the adverse environment, it risks setting limits on the economy's future development prospects through reinforcing dependence on Israel and creating long term reliance on foreign aid.

If, in the meantime, the political system has not acquired more institutional cushioning, and the presidency s unique legitimacy remains like today based merely on the public s approval of an incumbent surrounded by shady and bickering Kremlin factions, there would be a high risk of chronic destabilisation.