The real depreciation necessary to restore external balance would drive the real value of euro debts even higher, making them even more unsustainable.

At some point, the yields on bonds and mortgages will be high enough that investors appetite for yield will balance their fear of exchange rate depreciation.

China s Daring Depreciation

When this pattern is combined with the depreciation of the new Israeli shekel (NIS) in 2003 and then its appreciation in 2004, it is clear that while the Palestinian trade balance does not benefit from the depreciation of the Israeli currency, it suffers the full negative impact of currency appreciation.

Its purpose is not to encourage the depreciation of the yen, despite complaints about the yen s depreciation.

China s currency policy means that dollar depreciation, rather than improving America s trade balance and stanching its leakage of jobs and investment, may inadvertently spread these problems to the rest of the world.

A diminishing role for nuclear weapons

Restoring sustained growth requires real currency depreciation.

Currency depreciation is not a feasible option for all advanced economies they all need a weaker currency and better trade balance to restore growth, but they all cannot have it at the same time.

And that means further depreciation of the dollar.

The balance sheet effects on euro debts caused by the depreciation of the new national currency would thus have to be handled through an orderly and negotiated conversion of euro liabilities into the new national currencies.

The extent of creditor countries losses would depend on the extent of the depreciation, giving them an interest in keeping the depreciation within bounds.

The ideology is out there. It is not diminishing.

First, countries with a diminishing stake retain disproportionate power.

Dollar depreciation improves Europe s terms of trade and real income.

So we expect a substantial depreciation premium on US interest rates.

And we are now well on the way to diminishing returns.

The depreciation that followed the crisis helped accelerate recovery by boosting exports.

Government spending is no less subject to diminishing returns than anything else.

And the number of people who can afford it is rapidly diminishing.

But this is closely linked to a diminishing sense of common identity.

As the war grinds on, prospects for a negotiated solution are diminishing.

But all of the options that might restore competitiveness require real currency depreciation.

Simply put, there must be dollar depreciation to keep global imbalances in check.

In principle, such a depreciation against all of the world s currencies is manageable.

A 20 dollar depreciation would therefore reduce Americans purchasing power by only 3 .

The willingness of the dispossessed to endure the existing disparities was fast diminishing.

The depreciation expenses have gone up to 2.02 million against the budgeted amount of 0.9 million. The circumstances under which the depreciation expenses increased by 100 percent could not be satisfactorily explained to the Panel.

Depreciation is used to record the declining value of buildings and equipment over time.

The WTO will survive, but its centrality in the trade system is rapidly diminishing.

With China retaining its under valued currency policy, dollar depreciation can aggravate global deflationary forces.

The attempt to achieve them is bound to lead to competitive currency depreciation and protectionism.

So far, Musharraf has accepted his diminishing stature quietly though he has few other options.

Some economists admittedly a diminishing number deny that there can ever be an output gap.

The peripheral countries external deficits are falling rapidly, thus diminishing the need for foreign financing.

Meanwhile, diminishing and aging populations in most of Europe will have made immigration a necessity.

For most, drinking water is a diminishing resource that is either unaffordable or simply unavailable.

A return to a national currency and a sharp depreciation would quickly restore competitiveness and growth.

First, it contributes to yen depreciation and dollar appreciation as carry traders switch out of yen.

The yen s depreciation versus the dollar has contributed to continuing large US trade deficits with Japan.

Depreciation is computed using the straight line method over the estimated useful life of the asset.

During the last four years of his life, Arafat s public space was literally and metaphorically diminishing.

Mexico s oil fields are diminishing, which means that it may need to look for external supplies.

But traditional political differences based on disagreement over fundamental values play a diminishing part in elections.

This, coupled with diminishing budgets, led to a period of reduced activity and growing materiel obsolescence.