Author Archives: Menzie Chinn

“Surging Dollar Stirs Markets Buzz of a 1980s-Style Plaza Accord”

That’s the title of a Bloomberg article yesterday. Every few years, there’s talk about concerted action to weaken the dollar, as in 2015. There’s good reason to wish for a weaker dollar at various times — a strong dollar and high interest rates strain emerging market external balances. But would such action matter? Here’s a look at the dollar and some covariates.

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