Gatsby, the Dollar, and the World Falling Apart: John Authers

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Bound for the Plaza?

Thoughts in the currency market are turning toward the Plaza Hotel. The stately pile at the southeast corner of Central Park has a lasting place in American culture as the scene of Tom Buchanan’s confrontation with Jay Gatsby in The Great Gatsby; in the financial world, it has lasting fame as the place where world finance ministers and central bankers came together in September 1985 to agree on intervening to weaken the dollar against the West German deutsche mark and the Japanese yen. ...