devalue.01

frames

• It *EXP*-1 is no coincidence that [_ARGM-TMP from 1844 to 1914] , [_ARGM-TMP when the Bank of England was an independent private bank *T*-3] , [_ARG1 the pound] was [_ARGM-TMP never] [_rel devalued] *-4 and payment of gold for pound notes was never suspended *-5 , but with the subsequent nationalization of the Bank of England , the pound was devalued *-2 with increasing frequency and its use as an international medium of exchange declined .
• It *EXP*-1 is no coincidence that from 1844 to 1914 , when the Bank of England was an independent private bank *T*-3 , the pound was never devalued *-4 and payment of gold for pound notes was never suspended *-5 , [_ARGM-DIS but] [_ARGM-CAU with the subsequent nationalization of the Bank of England] , [_ARG1 the pound] was [_rel devalued] *-2 [_ARGM-TMP with increasing frequency] and its use as an international medium of exchange declined .
• China might stave off a crisis if it acts as forcefully as it did *-1 to arrest [_ARGM-TMP the 1985 decline] , when [_ARG0 Beijing] slammed the brakes on foreign-exchange spending and [_rel devalued] [_ARG1 the currency] *T*-2 .