Plaza Accord and Real estate: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Create page. Sources: The Treasurer Deals Edition 2019 p6, Investopedia https://www.investopedia.com/terms/p/plaza-accord.asp)
 
imported>Doug Williamson
(Add links.)
 
Line 1: Line 1:
''Foreign exchange.''
Land and buildings and related rights, especially when being traded or valued.


The Plaza Accord was a 1985 agreement by the G5 to intervene in foreign exchange markets to bring about a devaluation of the US dollar against the yen and the deutschmark.
Also known as real ''property''.




<span style="color:#4B0082">'''''Purpose of Plaza Accord'''''</span>
Real estate is often categorised as one of:
 
#Residential, used for living accommodation;
In the period 1980-85 the dollar had strengthened by over 50% against these and other currencies.
#Industrial, used for manufacturing and similar processes; or
 
#Commercial, used for all other business purposes.
This led to lobbying by US manufacturing industry, whose exports were being made expensive and uncompetitive by the strong dollar.
 
If the value of the dollar were reduced, it would help US exporters.
 
 
<span style="color:#4B0082">'''''Plaza Accord's effects'''''</span>
 
The value of the dollar did fall, and that did help US exporters.
 
But the strengthening yen put great pressure on the Japanese economy, followed by a long period of slow growth and deflation in Japan.
 
 
<span style="color:#4B0082">'''''Why the name?'''''</span>
 
The Plaza Accord is named after New York's Plaza Hotel, where the Accord was signed.
 
 
<span style="color:#4B0082">'''''Why is the Plaza Accord relevant today?'''''</span>
 
:"The strong dollar policy in question today under Trump's administration."
 
:''The Treasurer magazine, Deals Edition 2019, p6 - The ACT and treasury timeline.''




== See also ==
== See also ==
* [[Deutschmark]]
* [[Bricks and mortar]]
* [[Devaluation]]
* [[Commercial real estate]]
* [[Exchange rate]]
* [[Corporate real estate]]
* [[Foreign exchange risk]]
* [[Estate]]
* [[G5]]
* [[Freehold]]
* [[Reaganomics]]
* [[Lease]]
* [[Trade deficit]]
* [[Nominal]]
* [[Trumponomics]]
* [[Property]]
* [[Real]]
* [[Real economy]]
* [[Real estate investment trust]]
* [[Real option]]
* [[Tenant]]


[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Financial_products_and_markets]]

Revision as of 10:31, 16 July 2022

Land and buildings and related rights, especially when being traded or valued.

Also known as real property.


Real estate is often categorised as one of:

  1. Residential, used for living accommodation;
  2. Industrial, used for manufacturing and similar processes; or
  3. Commercial, used for all other business purposes.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Plaza_Accord&oldid=40177’