A Proposal to Issue SDR-Denominated Treasury Bonds: The Case for Colombia

Alfonso Iozzo (), Fabio Masini and Albertina Nania ()
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Alfonso Iozzo: Robert Triffin Internationa
Albertina Nania: Roma Tre University

No n301, Working Papers from Robert Triffin International

Abstract: The time might be ripe for a proposal regarding the issuing of SDR-denominated Treasury bonds in one or more Latin American countries. A modest initiative, in quantitative terms, by a country in a key area of the world could provide the trigger for future action in the same direction, helping to develop a liquid market for SDRs-denominated bonds, thereby contributing to relaunching multilateralism worldwide. Colombia, in particular, could fit this agenda. The change in the political majority in the government of the country, the growth dynamics experienced in recent decades, and its relative financial weakness may provide incentives for an initiative aimed at strengthening the country’s credibility on global financial markets.

Keywords: Keywords: SDR; Treasury Bonds; Colombia; multilateralism; financial markets (search for similar items in EconPapers)
JEL-codes: E50 F20 G15 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2021-11
New Economics Papers: this item is included in nep-lam
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