Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 September 2011
Keywords: Basket of currencies, Foreign exchange, International monetary system, Reserves, SDR valuation basket, Freely usable currencies, SDR interest rate basket, Currency swaps, Exchange rate policy, international transaction
The paper explores the pros and cons of maintaining the current 'freely usable currency' criterion, and clarifies indicators for assessing it. The freely usable concept and its two key elements-currencies should be...