"There will be competitive devaluation of currencies, trade wars, protectionism, the renationalization of economic policy, and deflation if not depression, " he said.
12.
Despite these efforts, the " Catalogue " ceased publication in large part due to a devaluation of currency caused by World War I
13.
There is also concern " about the effect of the Asian devaluation of currencies, " said Andrew McCarthy, a dealer at Lonsdale Securities.
14.
But the devaluation of currencies also makes it more expensive for Asian companies to pay the expenses of their operations in the United States.
15.
The Brazilian currency, the real, is widely considered overvalued and the devaluation of currencies in Thailand and the Philippines has sparked concern it could follow suit.
16.
Japan's surpluses with Thailand, South Korea, Malaysia and the Philippines all fell in December following the devaluation of currencies there that made Japanese-produced imports more expensive.
17.
Devaluations of currencies in Thailand, Malaysia, the Philippines and the rest of Asia have made Hong Kong relatively 20 percent more expensive than it was in June.
18.
Devaluation of currencies in East Asian nations and haze from massive forest fires in Indonesia contributed to gutting the region's tourism industry over the past two years.
19.
Commission officials said they were under pressure from French officials to approve state aid to French companies hit by the devaluation of currencies such as the lira.
20.
Since 2 July, the local dollar has overcome two speculative attacks when the regional financial crisis triggered the devaluation of currencies in Thailand and some other countries.
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