Dollar risks rising but Plaza Accord-style coordination not feasible now: ex-IMF adviser
With central banks prioritising domestic objectives, Plaza Accord-style exchange-rate coordination is now out of reach despite growing concerns over the dollar-centred monetary system, complicating…
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IMF: Stablecoins Could Ease FX Access, But May Intensify Runs
Stablecoins tied to the US dollar can make it easier for people in fixed or tightly managed exchange-rate systems to access foreign currency
Why a modern Plaza Accord to manage Asian currency weakness is unlikely to succeed
The conditions and will for a deal are not what they were in 1985
econ.st·10d ago
IMF: Stablecoins Could Ease FX Access, But May Intensify Runs
Stablecoins tied to the US dollar can make it easier for people in fixed or tightly managed exchange-rate systems to access foreign currency
Why a new Plaza Accord to address Asian currency weakness is unlikely to succeed
The conditions and will for a deal are not what they were in 1985
econ.st·13d agoIMF highlights stablecoin risks in fixed exchange rate economies
The International Monetary Fund (IMF) has published a new working paper warning that dollar stablecoins could increase access to foreign cur
IMF: Dollar Stablecoins May Ease FX Access, but Risk Currency Runs
Stablecoins tied to the US dollar could widen access to foreign currency for people in countries with fixed or tightly managed exchange rate
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