Louvre Accord

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Louvre Accord

1987 agreement between countries to attempt to stabilize the value of the US dollar.

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Some observers of that arrangement, especially in Japan, have blamed the subsequent asset bubble in that country on the Louvre accord.

Should G7 policy coordination be revived? by Siebert, Horst / The International Economy

intervention operations, however, have taken place since the Louvre Accord of February 1987; since then U.

U.S. exchange rate policy: Bretton Woods to the present by Pauls, B. Dianne / Federal Reserve Bulletin

The trade weighted dollar fell 9 percent between 1985, when the Plaza Agreement was negotiated, and 1987, when it was reversed by the Louvre Accord.

Hands Off The Dollar! by Lindsey, Lawrence B. / The International Economy

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