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Louvre Accord |
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Louvre Accord 1987 agreement between countries to attempt to stabilize the value of the US dollar. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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. intervention operations, however, have taken place since the Louvre Accord of February 1987; since then U. 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. |
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