| 1. | That is particularly true when countries are seeking to defend overvalued currencies.
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| 2. | An overvalued currency and lower trade barriers whetted Brazilians'appetite for imported goods.
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| 3. | "The thing that's missing is a realistic approach to an overvalued currency,"
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| 4. | The Europeans already have a hard time selling because of their overvalued currencies.
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| 5. | Among them are an elevated current-account deficit and an overvalued currency.
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| 6. | The market has already resigned itself to an overvalued currency,
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| 7. | Manufacturing output has seriously declined because of an overvalued currency.
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| 8. | Some have even suggested Argentina consider devaluing its overvalued currency.
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| 9. | In answer to Summers and Fischer, he argues that countries cannot save overvalued currencies.
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| 10. | But the problem, say many economists, including Biblawi, goes far beyond the overvalued currency.
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