How Desirable Is Dollar Depreciation?
In September 1985, the Secretary of the Treasury joined his counterparts in the Group of Five (G-5) nations- France, Germany, Japan, and the United Kingdom-in announcing a joint effort to lower the exchange value of the dollar.
The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.