The Case for Annual Special Drawing Right Allocations

The special drawing right (SDR) is issued by the International Monetary Fund (IMF). The SDR has the potential to strengthen dramatically the international monetary system. Established in 1969 and allocated twice during its first decade, the SDR was in the institutional closet from 1980 until 2009 wh...

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Autor principal: Truman, Edwin M.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9910239/
https://www.ncbi.nlm.nih.gov/pubmed/36789110
http://dx.doi.org/10.1007/s11293-023-09761-0
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author Truman, Edwin M.
author_facet Truman, Edwin M.
author_sort Truman, Edwin M.
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description The special drawing right (SDR) is issued by the International Monetary Fund (IMF). The SDR has the potential to strengthen dramatically the international monetary system. Established in 1969 and allocated twice during its first decade, the SDR was in the institutional closet from 1980 until 2009 when $250 billion in SDRs were allocated to members of the IMF to help address the global financial crisis. In 2021, another $650 billion in SDRs were allocated to help address the Coronavirus pandemic. The SDR has proved itself as a crisis instrument. This paper proposes regular annual SDR allocations.
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spelling pubmed-99102392023-02-10 The Case for Annual Special Drawing Right Allocations Truman, Edwin M. Atl Econ J Article The special drawing right (SDR) is issued by the International Monetary Fund (IMF). The SDR has the potential to strengthen dramatically the international monetary system. Established in 1969 and allocated twice during its first decade, the SDR was in the institutional closet from 1980 until 2009 when $250 billion in SDRs were allocated to members of the IMF to help address the global financial crisis. In 2021, another $650 billion in SDRs were allocated to help address the Coronavirus pandemic. The SDR has proved itself as a crisis instrument. This paper proposes regular annual SDR allocations. Springer US 2023-02-09 2023 /pmc/articles/PMC9910239/ /pubmed/36789110 http://dx.doi.org/10.1007/s11293-023-09761-0 Text en © International Atlantic Economic Society 2023, Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Truman, Edwin M.
The Case for Annual Special Drawing Right Allocations
title The Case for Annual Special Drawing Right Allocations
title_full The Case for Annual Special Drawing Right Allocations
title_fullStr The Case for Annual Special Drawing Right Allocations
title_full_unstemmed The Case for Annual Special Drawing Right Allocations
title_short The Case for Annual Special Drawing Right Allocations
title_sort case for annual special drawing right allocations
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9910239/
https://www.ncbi.nlm.nih.gov/pubmed/36789110
http://dx.doi.org/10.1007/s11293-023-09761-0
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