We can see how a currency devaluation or depreciation reduces real wages in two ways.

Yet it would be much easier to make structural reforms if the option of currency devaluation still existed.

It also blamed currency devaluation in Venezuela.

If and when it happens, policymakers will need to acknowledge that currency devaluation is not enough.

Investors piled in where they could to the 15 listed companies to protect themselves against the threat of currency devaluation and inflation.