11 The Evolving Role of the SDR in the International Monetary System
Language:
English
Keywords:
BOOK; currency; SDR; exchange rate system; role of the SDR; price level; paper gold; fund's effort; Currencies; Exchange rates; International monetary system; Reserve assets; International reserves; Global; Europe; Middle East; Western Hemisphere; North America; Western Europe; Africa; Asia and Pacific; monetary unit; SDR-denominated claim; SDR claim; SDR market; International liquidity

Abstract

This paper, which was prepared by Fund staff in 1982, served as background for conference discussion of the various actual and potential roles of the SDR in the functioning of the international financial system. The first part deals with past developments and their implications for the SDR; the second considers how the role of SDRs and SDR-denominated claims could usefully be broadened under the existing international monetary system and under a conceivable future system that is characterized by greater stability of exchange rates and national price levels.

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Cover International Money and Credit
International Money and Credit
The Policy Roles
Editor: Mr. George M. Von Furstenberg
ISBN:
9780939934270
Publication Date:
15 Sep 1984
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9780939934270.071
Pages:
611