Business / Finance / Devaluation: Formerly the German financial futures and options market. Merged with the Swiss Options and Financial Futures Exchange (SOFFEX) in 1998 to form EUREX, the European derivatives exchange.
Business / Finance / Beggar-Thy-Neighbor Devaluation: A devaluation that is designed to cheapen a nation's currency and thereby increase its exports at the expense of other countries. Devaluation can also reduce a nation's imports. Such devaluations ofte MORE
Business / Finance / Beggar-Thy-Neighbor: An international trade policy of competitive devaluations and increased protective barriers that one country institutes to gain at the expense of its trading partners. MORE