Jamaica 

Agreement - IMS since 1973

 Mixed system with some currencies allowed to float freely, some managed by
government intervention & some pegged to another currency
o Floating rates acceptable
o Gold abandoned as reserve asset
 IMF continues role of helping countries cope with macroeconomic and exchange
rate problems

Plaza Accord 
The Plaza Accord or Plaza Agreement was an agreement between the governments
of France, West Germany, Japan, theUnited States, and the United Kingdom,
to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche
Markby intervening in currency markets. The five governments signed the accord on
September 22, 1985 at the Plaza Hotel in New York City.
The exchange rate value of the dollar versus the yen declined by 51% from 1985 to 1987.
Most of this devaluation was due to the $10 billion spent by the participating central
banks.[citation needed] Currency speculation caused the dollar to continue its fall after the end
of coordinated interventions. Unlike some similar financial crises, such as
the Mexican and the Argentine financial crisesof 1994 and 2001 respectively, this
devaluation was planned, done in an orderly, pre-announced manner and did not lead to
financial panic in the world markets.
The reason for the dollar's devaluation was twofold: to reduce the U.S. current
account deficit, which had reached 3.5% of theGDP, and to help the U.S. economy to
emerge from a serious recession that began in the early 1980s. The U.S. Federal Reserve
System under Paul Volcker had overvalued the dollar enough to make industry in the
U.S. (particularly the automobile industry) less competitive in the global market.

Louvre Accord
The Louvre Accord was signed by the then G6 (France, West Germany, Japan, Canada,
the United States and the United Kingdom) on February 22, 1987 in Paris,
France. Italy had been an invited member, but declined to finalize the agreement. The
goal of the Louvre Accord was to stabilize the international currency markets and halt the
continued decline of the US Dollarcaused by the Plaza Accord (of which a primary aim
was depreciation of the US dollar in relation to the Japanese yen and German Deutsche
Mark by the mutual agreement of the G7Minister of Finance meeting (i.e. a conference of
ministers of the "group of seven") that had been held in Louvre in Paris in 1987. Since
the Plaza accord, the dollar rate had continued to slide, reaching an exchange rate of ¥150
per US$1 in 1987. The ministers of the G7 nations gathered at the Louvre in Paris to "put
the brakes" on this decline.