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AZThe two-character ISO 3166 country code for AZERBAIJAN.AZ Similar MatchesPlaza AccordPlaza AccordAn agreement reached in 1985 among the central banks of France, Germany, Japan, US, and UK to bring down the value of the U.S. dollar, which had appreciated substantially since 1980. By the time of the Louvre Accord, two years later, the dollar had fallen 30%. Moral hazardMoral hazardThe tendency of individuals, firms, and governments, once insured against some contingency, to behave so as to make that contingency more likely. A pervasive problem in the insurance industry, it also arises internationally when international financial institutions assist countries in financial trouble. AZMAZMThe ISO 4217 currency code for Azerbaijani Manat. Plaza AccordPlaza AccordAgreement among country representatives in 1985 to implement a coordinated program to weaken the dollar. Moral hazardMoral hazardThe risk that the existence of a contract will change the behavior of one or both parties to the contract, e.g. an insured firm will take fewer fire precautions. |
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