Exchange Rates: The Dollar in International Markets (CRS Report for Congress)
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| Release Date |
April 17, 1987 |
| Report Number |
IB78033 |
| Authors |
Arlene Wilson, Economics Division |
| Source Agency |
Congressional Research Service |
Summary:
The large dollar appreciation between 1980 and early 1985 was a major cause of the 1986 trade deficit of $170 billion. Although the dollar has depreciated substantially since 1985 against the yen and the European currencies, it is not clear that the amount of dollar depreciation to date is sufficient to substantially reduce the trade deficit. The 100th Congress is considering legislation to make the Administration more accountable for policies which affect exchange rates. The main issue for Congress is how to encourage (or require) the Administration to make exchange rates an important policy goal without inhibiting the flexibility of the Administration in achieving other goals, such as restraining inflation.
