Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 April 1988
Keywords: reserve assets, capital markets, private capital markets, balance of payments, reserve holdings
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...