Louvre Accord

Definition

The February 1987 agreement at Paris among the G-5 nations (France, Germany, Japan, United Kingdom, and United States) to stop the continuing fall in the dollar's value, which they had engineered with the Plaza Accord of September 1985 at New York's Plaza Hotel. They feared that if the dollar was allowed to fall further the U.S. interest rate would rise further and trigger a recession. Despite their commitment, the dollar fell further and started a huge stock market slide.

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You should try and figure out what changes the louvre accord made and see if you can capitalize on them.

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The Louvre accord happened in Paris and I thought it was a really cool agreement and had a lot of interesting things about it.

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LOUVRE ACCORD agreement at Paris among the G-5 nations (France, Germany, Japan, United Kingdom, and United States) to stop the continuing fall in the dollar's value, which they had engineered with the Plaza Accord of September 1985 at New York's Plaza Hotel. They feared that if the dollar was allowed to fall further the U.S.

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