=+15. In mid-1994 the value of the dollar fell sufficiently to warrant coordinated intervention among 17 countries.
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=+15. In mid-1994 the value of the dollar fell sufficiently to warrant coordinated intervention among 17 countries. Still, the dollar went on falling. One economist stated, "[The intervention] was clearly a failure... It's a good indication something else has to be done." Why would the United States and foreign countries want to keep up the value of the dollar?
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