Is There a Better Way to Use Global Reserves?

Mark Plant
Additional contact information
Mark Plant: Center for Global Development

No 268, Policy Papers from Center for Global Development

Abstract: Global reserves can serve as a global public good, facilitating the short-term global recovery from the economic impacts of the pandemic and Russian invasion of Ukraine, as well as the longer-term global transition to a sustainable and equitable economic future. Strategic allocation of Special Drawing Rights (SDRs) could facilitate sharing of global reserves with low- and middle-income countries to the mutual benefit of advanced and developing countries. This will require the development of new SDR sharing mechanisms, in which multilateral development banks could be instrumental. Other SDR reforms should also be pursued.

Pages: 15 pages
Date: 2022-10-04
New Economics Papers: this item is included in nep-cis and nep-ifn
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cgdev.org/publication/there-better-way ... l&utm_campaign=repec

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cgd:ppaper:268

Access Statistics for this paper

More papers in Policy Papers from Center for Global Development Contact information at EDIRC.
Bibliographic data for series maintained by Publications Manager ().