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A ferocious monetary squeeze and competition across countries for limited gold reserves followed and contributed to the Great Depression.
紧随其后，严重的货币紧缩和国家间对有限的黄金储备激烈竞争促进了大萧条。
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One thing holding the Bank back has been the strength of sterling, which is adding to the monetary squeeze.
ECONOMIST: House prices
Because this time Argentina would see not only a monetary squeeze, but a currency undercut by that of its main (and Mercosur) trade partner.
ECONOMIST: The battle royal for Brazil��s real
Certainly, the fiscal and monetary squeeze has slowed Brazil's economy.
ECONOMIST: Can Brazil hold the line?
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