Meanings of internal devaluation in English

Competitiveness can also be regained through budget and wage cuts, a so-called ' internal devaluation'.

In some countries in the South, the emphasis was on public expenditure and internal devaluation.

Just as in the eurozone today, great store was put on the notion of an internal devaluation.

But internal devaluation is already taking place.

So far, the Latvians are gritting their teeth, clinging to the peg and going for the internal devaluation burn.

The goal: internal devaluation.

Restricted by the euro straitjacket and unable to devalue its currency, Spain is on the slow, painful path of internal devaluation.

Cuts in public sector pay and pensions have contributed to an internal devaluation process aimed at making the 195 billion euro economy more competitive.

When a country loses competitiveness against its principal trading partners, there are only two ways to regain it; devaluation or " internal devaluation".

FrancesSmith asks: i have recently been reading about something called " internal devaluation" which seems to be a euphemism for falling wages to increase competitiveness.

Internal devaluation is a mechanism whereby recession and high unemployment drive down the domestic price level.

History tells us that internal devaluations do not work -at least in the case of democracies.