Plaza Accord and Receiver: Difference between pages

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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
(Classify page.)
 
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''Foreign exchange.''
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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.
A person appointed in the UK under the terms of a debenture or by the court to realise assets charged, and to apply the proceeds for the benefit of those entitled.


The receiver may also have power to manage the company.


<span style="color:#4B0082">'''''Purpose of Plaza Accord'''''</span>


In the period 1980-85 the dollar had strengthened by over 50% against these and other currencies.
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This led to lobbying by US manufacturing industry, whose exports were being made expensive and uncompetitive by the strong dollar.
More generally, a person or body who gets or accepts money or goods.
 
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]]
* [[Administrative Receiver]]
* [[Devaluation]]
* [[Debenture]]
* [[Exchange rate]]
* [[Official Receiver]]
* [[Foreign exchange risk]]
* [[Receivership]]
* [[G5]]
* [[Reaganomics]]
* [[Trade deficit]]
* [[Trumponomics]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]

Latest revision as of 08:06, 2 July 2022

1.

A person appointed in the UK under the terms of a debenture or by the court to realise assets charged, and to apply the proceeds for the benefit of those entitled.

The receiver may also have power to manage the company.


2.

More generally, a person or body who gets or accepts money or goods.


See also

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