International Money and the Future of the SDR
Author | : K. Alec Chrystal |
Publisher | : |
Total Pages | : 48 |
Release | : 1978 |
Genre | : Business & Economics |
ISBN | : |
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Author | : K. Alec Chrystal |
Publisher | : |
Total Pages | : 48 |
Release | : 1978 |
Genre | : Business & Economics |
ISBN | : |
Author | : Mr.James M. Boughton |
Publisher | : International Monetary Fund |
Total Pages | : 474 |
Release | : 1996-09-26 |
Genre | : Business & Economics |
ISBN | : 9781557756046 |
This book edited by Michael Mussa, James M. Boughton, and Peter Isard, records the proceedings of a seminar held at the IMF in March 1996 on the future of the special drawing right (SDR), given changes in the international monetary system since the inception of the SDR. The seminar focuses on the differences in opinion in the international community on the desirability or feasibility of an additional allocation of SDRs.
Author | : Kenneth Alexander Chrystal |
Publisher | : |
Total Pages | : 34 |
Release | : 1978 |
Genre | : |
ISBN | : |
Author | : International Monetary Fund. Strategy, Policy, & Review Department |
Publisher | : International Monetary Fund |
Total Pages | : 43 |
Release | : 2011-07-01 |
Genre | : Business & Economics |
ISBN | : 1498339484 |
The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform. To be sure, the term SDR has been used to refer to three different concepts—(i) a composite reserve asset created in 1969: the “official SDR” as defined in the Fund’s Articles; (ii) a potential new class of reserve assets: tradable SDRdenominated securities issued by the Fund or an investment vehicle backed by a subset of the Fund’s membership; and (iii) a unit of account, which could be used to price internationally traded assets (e.g., sovereign bonds) and goods (e.g., commodities), to peg currencies, and to report balance of payments data. All three are discussed in this paper.
Author | : Mr.George M. Von Furstenberg |
Publisher | : International Monetary Fund |
Total Pages | : 612 |
Release | : 1984-09-15 |
Genre | : Business & Economics |
ISBN | : 0939934272 |
Edited by George M. von Furstenberg, this volume presents the rethinking of the functions and purposes served by international monetary arrangements at leading universities, banks, and official institutions.
Author | : Jingyi Wang |
Publisher | : Springer |
Total Pages | : 97 |
Release | : 2015-11-30 |
Genre | : Business & Economics |
ISBN | : 9811001642 |
This book examines essential problems in the current International Monetary System, especially those concerning the International Standard. To do so, it focuses on the different monetary systems of today’s major currencies – the US dollar, the euro and the CNY, as well as the performance of the standards used in the international monetary system, i.e., the SDRs. In addition, it projects the potential consequences of including the Chinese CNY in the current SDR system, thus proposing a reform of the SDRs. The analytical research is mainly based on a performance comparison of the major international standards in the current international monetary system. divThe author illustrates that the political/policy reactions and economic philosophies underlying each monetary system constitute not only reasonable responses to the current international monetary system, but also fundamental factors in decisions concerning changes to or reforms of the international monetary system.div>
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 1988-04-14 |
Genre | : Business & Economics |
ISBN | : 145197907X |
The paper analyzes whether the SDR system generates permanent resource transfers—i.e., transfers of resources that do not involve equivalent quid pro quos. It is argued that SDR allocation only gives rise to permanent resource transfers if the SDR interest rate is uncompetitive or if holding SDRs is perceived to be risky, and that the use of SDRs gives rise to permanent resource transfers only if the SDR interest rate is uncompetitive. These conclusions are reconciled with the fact that SDR allocation can provide reserves to many countries at terms more favorable than the costs of borrowing or earning reserves.
Author | : International Monetary Fund. Statistics Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 258 |
Release | : 2015-01-07 |
Genre | : Business & Economics |
ISBN | : 1484350162 |
This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.
Author | : International Monetary Fund. Finance Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 47 |
Release | : 2018-04-11 |
Genre | : Business & Economics |
ISBN | : 1498307396 |
This paper explores whether a broader role for the SDR could contribute to the smooth functioning and stability of the international monetary system (IMS). Recent staff assessments highlighted that the IMS has displayed considerable resilience. But episodes of stress point also to some weaknesses, including in external adjustment mechanisms; limitations of official liquidity provisions through the Global Financial Safety Net (GFSN); and large-scale reserve accumulation—with systemic side effects. Those weaknesses, together with the expansion of the SDR basket, have renewed interest in the SDR and motivated a discussion of whether there is an economic rationale for a broader SDR role. The paper looks into how those weaknesses can be mitigated by three concepts of the SDR: the official SDR, the reserve asset administered by the IMF (O-SDR); SDR-denominated financial instruments, or “market SDRs” (M-SDR); and the SDR as a unit of account (U-SDR). However, the paper does not propose specific reform options.
Author | : Christopher Wilkie |
Publisher | : Oxford University Press (UK) |
Total Pages | : 323 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : 0199606463 |
It considers the changing roles and influences of the U.S.