A ‘Plaza accord-like’ agreement, in which the US depreciated its currency against others, would not be enough to correct the rising current account imbalances between deficit and surplus countries, policy-makers and economists have argued at the International Monetary Fund’s Spring Meetings.

In a panel at the event in Washington on April 15, high-level officials and renowned scholars debated how best to tackle the rising global imbalances between deficit countries, such as the US, and surplus