Louvre Accord

The Louvre Accord (formally, the Statement of the G6 Finance Ministers and Central Bank Governors)^[1] was an agreement, signed on February 22, 1987, in Paris, that aimed to stabilize international currency markets and halt the continued decline of the US dollar after 1985 following the Plaza Accord.^[1] It was considered, from a relational international contract viewpoint, as a rational compromise solution between two ideal-type extremes of international monetary regimes: the perfectly flexible and the perfectly fixed exchange rates.^[2]

The agreement was signed by Canada, France, West Germany, Japan, the United Kingdom, and the United States.^[1] The Italian government was invited to sign the agreement but declined.^[1]

^ ^a ^b ^c ^d "Statement of the G6 Finance Ministers and Central Bank Governors". University of Toronto G8 Centre. University of Toronto Library. Retrieved 11 November 2014.
^ Giersch, Herbert (2012). Money, Trade, and Competition: Essays in Memory of Egon Sohmen. Berlin: Springer-Verlag. p. 60. ISBN 9783642772696.

[G8_Centre-1] "Statement of the G6 Finance Ministers and Central Bank Governors". University of Toronto G8 Centre. University of Toronto Library. Retrieved 11 November 2014.

[2] Giersch, Herbert (2012). Money, Trade, and Competition: Essays in Memory of Egon Sohmen. Berlin: Springer-Verlag. p. 60. ISBN 9783642772696.

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