CH 11 - Conflict And Cooperation In The Monetary System Flashcards
1
Q
Plaza Accord
A
An attempt by the G5 to manage exchange rates - reducing the value of yen and german mark by 10 to 12 percent
2
Q
Target zone
A
An exchange rate system in which all currencies have an official rate surrounded by very wide margins within which the rate is allowed to fluctuate
3
Q
International investment position
A
The difference between the value of a country’s holdings of foreign assets and the value of its foreign liabilities
