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Louvre Accord

   Also found in: Wikipedia 0.01 sec.
Louvre Accord
1987 agreement between countries to attempt to stabilize the value of the US dollar.


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Subsequently, the Louvre Accord in France was signed, with the aim of putting an end to government intervention in the currency market.
Breaking Free From the Dollar Hegemony by Dar Al Hayat, International ed. (Beirut, Lebanon)
15) After analyzing daily data for the period of the Louvre Accord preceding the stock market crash, Klein and Lewis conclude that market perceptions of the implicit Louvre exchange rate bands evolved substantially in response to observed interventions.
Exchange rates targets by Obstfeld, Maurice / NBER Reporter
In addition, the agreements on fiscal policy measures contained in the Louvre Accord were extended to include policies for 1988.
U.S. exchange rate policy: Bretton Woods to the present by Pauls, B. Dianne / Federal Reserve Bulletin
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