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The Plaza Accord was a joint agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British pound sterling by intervening in currency markets.
Instruments of monetary policy have included short-term interest rates and bank reserves through the monetary base. [1]With the creation of the Bank of England in 1694, which acquired the responsibility to print notes and back them with gold, the idea of monetary policy as independent of executive action began to be established. [2]
The term "exchange rate weapon" was introduced by Professor of International Economic Relations at the School of International Service at American University Randall Henning to describe the threat of manipulating the exchange rate of a strong country's currency with that of a weak country's currency, in order to extract policy adjustments from ...
Except for the United States, they later returned to it only briefly. By the early 1930s, the prevailing order was essentially a fragmented system of floating exchange rates. [10] In this era, the experience of Great Britain and others was that the gold standard ran counter to the need to retain domestic policy autonomy.
After the successful Gulf War of 1991, many analysts, such as Zbigniew Brzezinski, claimed the lack of a new strategic vision for U.S. foreign policy resulted in many missed opportunities for its foreign policy. During the 1990s, the United States mostly scaled back its foreign policy budget as well as its cold war defense budget which amounted ...
America Online CEO Stephen M. Case, left, and Time Warner CEO Gerald M. Levin listen to senators' opening statements during a hearing before the Senate Judiciary Committee on the merger of the two ...
The monetary policy of the United States is the set of policies which the Federal Reserve follows to achieve its twin objectives of high employment and stable inflation. [1] The US central bank, The Federal Reserve System, colloquially known as "The Fed", was created in 1913 by the Federal Reserve Act as the monetary authority of the United States.
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