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| Definition Of: |
Plaza Accord
In a September 1985 meeting at the Plaza Hotel in New York, G-5 officials ratified an initiative to use exchange rates and other macropolicy adjustments as the preferred and necessary means to bring about an orderly decline in the value of the dollar. The agreement, intended to curb increasing U.S. trade imbalances and protectionist action, supported orderly appreciation of the main non-dollar currences against the dollar.
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2K Group Shipping Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 2 A: Page 1 of 2.
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