Online citations, reference lists, and bibliographies.
← Back to Search

Exchange-rate Management And Monetary-policy Mismanagement: A Study Of Germany, Japan, United Kingdom, And United States After Plaza

W. Poole
Published 1992 · Economics

Save to my Library
Download PDF
Analyze on Scholarcy Visualize in Litmaps
Share
Reduce the time it takes to create your bibliography by a factor of 10 by using the world’s favourite reference manager
Time to take this seriously.
Get Citationsy
Abstract The focus of this paper is the effect of the Plaza Agreement in September, 1985 on domestic monetary policies in Germany, Japan, United Kingdom, and United States. Monetary policy became much more expansionary in three of the four countries, the exception being Germany. Efforts by Japan and the United Kingdom to limit dollar depreciation spread U.S. expansion to these other two countries, inducing a classic cycle in interest rates, economic activity, and inflation. Analysis of daily exchange rates and interest rates suggests that market participants did not understand the expansionary implications of the Plaza agreement and subsequent policy actions.
This paper references
10.2307/135445
Targets and Indicators: A Blueprint for the International Coordination of Economic Policy
Peter S. Sephton (1987)
Exchange Rate Coordination
R. Marston (1988)
10.2307/20043698
Managing the Dollar: From the Plaza to the Louvre
W. Diebold (1988)
10.7208/CHICAGO/9780226507255.001.0001
Misalignment of Exchange Rates: Effects on Trade and Industry
R. Marston (1988)
10.2307/20044135
Managing Exchange Rates
P. Kenen (1988)
10.7208/CHICAGO/9780226241814.001.0001
International Economic Cooperation
Martin Feldstein (1988)
10.3386/W2796
The Effectiveness of Foreign-Exchange Intervention: Recent Experience
M. Obstfeld (1988)
10.2307/20044427
Dollar Politics: Exchange Rate Policymaking in the United States
W. Diebold (1989)
10.1016/0167-2231(90)90024-F
Market Responses to Coordinated Central Bank Intervention
Kathryn M.E. Dominguez (1989)
10.5089/9781557751119.071
Macroeconomic Policies in an Interdependent World
R. Bryant (1989)
10.1007/978-1-349-22039-7_7
On the effectiveness of daily interventions by the Deutsche Bundesbank and the federal reserve system in the U.S. Dollar-Deutsche Mark exchange market
S. Eijffinger (1989)
Money, credit and inflation : an historical indictment of UK monetary policy and a proposal for change
Gordon T. Pepper (1990)
10.7208/CHICAGO/9780226071381.001.0001
International Policy Coordination and Exchange Rate Fluctuations
William H. Branson (1990)
10.1017/S0143814X00004736
I. M. Destler and C. Randall Henning: Dollar Politics: Exchange Rate Policymaking in the United States, Washington DC, 1989.
Michael Antis (1990)
10.20955/R.72.15-24
The pitfalls of exchange rate targeting: a case study from the United Kingdom
Michael T. Belongia (1990)
10.2307/20044839
Economic policy coordination : requiem or prologue?
W. Diebold (1991)
10.1007/BF01886134
What has foreign exchange market intervention since the Plaza Agreement accomplished?
M. Bordo (1991)



This paper is referenced by
Semantic Scholar Logo Some data provided by SemanticScholar