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

China s Daring Depreciation

And that means further depreciation of the dollar.

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

Restoring sustained growth requires real currency depreciation.

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

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

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

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

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

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.

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

The European Monetary System began as a high level reaction to global currency chaos, and in particular to the depreciation of the dollar in 1977 and 1978, which seemed to threaten its continued role as the major international reserve currency.

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

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

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

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

Corporate retained earnings have averaged about 3 of GDP after allowing for depreciation of existing plant and equipment.

But, in the absence of complementary action, depreciation whether engineered or market driven will make matters worse.

The sharp depreciation of the euro after the crisis helped sustain German exports, thereby keeping the eurozone afloat.

To maintain growth, they need a nominal and real depreciation of their currency to reduce their trade deficits.

In fact, Brazilians purchasing power could shrink further, owing to the depreciation of the real against the dollar.

Chile made its transition to high growth in the 1980 s on the back of a large depreciation.

When the bubble bursts, the afflicted country can restore competitiveness only through a painful process of real depreciation.

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.

Unless a claimant was able to provide satisfactory evidence of stock or tangible assets in excess of the insured amounts, the Panel reduced the claimed amount for such stock or tangible assets to the insured level and then applied standard adjustments such as for obsolescence and depreciation.

This could and should be accompanied by an overall depreciation of the euro, though that would be no panacea.

Only a return to a national currency and a sharp depreciation of that currency can restore competitiveness and growth.

Moreover, manipulation of official statistics highlights the problems of an economic model based on peso depreciation and the accumulation of reserves.

But the euro s depreciation is too recent to have made much difference yet. Historical evidence, not to mention Japan s experience with a falling yen, suggests that it takes several quarters, or even years, before the positive impact of currency depreciation on net exports is felt.

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

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

In addition, low volatility of inflation relative to the volatility of RER depreciation may be needed to lead to de dollarization.

In fact, both the deliverable and non deliverable forward rates anticipate one year renminbi depreciation of 2.35 and 1.75 , respectively.

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.

There are three options for restoring competitiveness within the eurozone, all requiring a real depreciation and none of which is viable

But don't be surprised if the next European downturn will be blamed on the US and the depreciation of the dollar.

Today, it costs 220 naira to buy one British pound, which implies 15 annual average depreciation since 1973.

Yet financial markets are not pricing dollar depreciation and a rise in long term US interest rates accordingly.

The Europeans gladly went along with this charade because they now fear dollar depreciation more than global imbalance.

That is why I believe that these countries and the eurozone more generally would benefit from euro depreciation.

The only other way to achieve depreciation in real terms is through massive deflation of domestic prices, coupled with a severe recession.

depreciation of nonconvertible currencies. In 2004, the amount written off plus the adjustment for overvaluation of cash held in nonconvertible currencies totalled 2.7 million.

WASHINGTON, DC Over the last several weeks, the dollar s depreciation against the euro and yen has grabbed global attention.