tag:blogger.com,1999:blog-5713178645208582139.post2406092782787608993..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Coordinated Intervention to Strengthen the Dollar?David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-20001707343564188332008-03-16T16:51:00.000-05:002008-03-16T16:51:00.000-05:00Anonymous:Your comment on the problems the Plaza A...Anonymous:<BR/><BR/>Your comment on the problems the Plaza Accord caused Japan later started me thinking. Many of the calls for coordinated policy intervention since post WWII can in some way be traced back to the U.S. misuse of its currency reserve status/monteary hegemon role.<BR/><BR/>(1) Fall of Bretton Woods<BR/>(2) Plaza Accord--a response to high dollar from high interest rates in early David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-13825039309592810222008-03-16T02:43:00.000-05:002008-03-16T02:43:00.000-05:00A few thoughts..Large exchange rate volatiliy is o...A few thoughts..<BR/>Large exchange rate volatiliy is one of the biggest problems with our current exchange rate sytem. I would prefer to see coordinated internvention by poicy makers to address this issue. As you mentioned, people are afraid of the neccesary adjustments, and fear seems to be controlling the markets lately. I also fear that intervention could add to the problem or create new Anonymousnoreply@blogger.com