devaluation
devaluation, n. The reduction in the value of one currency in relation to another currency. Cf. REVALUATION. — devalue, vb.
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beggar thy neighbor policy
beggar-thy-neighbor policy. A government’s protectionist course of action taken to discourage imports by raising tariffs and instituting nontariff barriers, usu. to reduce domestic unemployment and increase domestic output. • This term is sometimes applied to competitive currency devaluation.
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revaluation
revaluation, n. An increase in the value of one currency in relation to another currency. Cf. DEVALUATION. — revalue, vb.