Plaza Accord and Coordinated Currency Intervention (1985-1987)

1. Dollar’s mid-1980s peak intensifies concern

   Feb 1, 1985Labels: US dollar

   • Fed Speech
   • DXY History

2. Bonn G7 summit highlights imbalances

   May 4, 1985Labels: G7 summit, Bonn

   • G7 Toronto

3. G5 signs the Plaza Accord in New York

   Sep 22, 1985Labels: Plaza Accord, G5

   • G7 Toronto
   • Britannica

4. Plaza statement warns of protectionism risk

   Sep 22, 1985Labels: Plaza statement

   • G7 Toronto

5. IMF circulates the Plaza announcement document

   Sep 23, 1985Labels: IMF document

   • IMF Archives

6. Coordinated interventions reinforce the policy signal

   Jan 1, 1986Labels: Coordinated intervention

   • NBER Klein
   • NBER Frankel

7. Uruguay Round launched amid trade-policy pressures

   Sep 20, 1986Labels: Uruguay Round, GATT

   • WTO Chronology
   • Washington Post

8. Dollar declines markedly after Plaza policy shift

   Jan 1, 1987Labels: Dollar decline

   • Fed Speech
   • NBER Frankel

9. Louvre Accord shifts goal from decline to stability

   Feb 22, 1987Labels: Louvre Accord, G6

   • G7 Toronto
   • Louvre Accord

10. Ongoing coordination uses indicators and reviews

    Feb 22, 1987Labels: Indicator framework

    • G7 Toronto

11. 1985–1987 becomes a landmark for managed floating rates

    Dec 31, 1987Labels: Managed float

    • NBER Frankel
    • FT Analysis

12. Legacy: template and warning for future coordination

    Dec 31, 1987Labels: Legacy

    • G7 Toronto
    • G7 Toronto
    • NBER Frankel