International Liquidity and the Role of the SDR in the International Monetary System

International Liquidity and the Role of the SDR in the International Monetary System
This paper describes how the changed conditions in the international monetary system have undermined the role originally envisaged for the SDR. It argues that the concept of a global stock of international liquidity, which was fundamental to the creation of the SDR, is now no longer relevant. Nonetheless, there are good reasons to satisfy part... READ MORE...

Publication date: December 2002
ISBN 9781451875126
$15.00

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