Questions raised by the SDR channeling

Les questions posées par la réallocation des DTS

Bruno Cabrillac
Additional contact information
Bruno Cabrillac: Banque de France - Banque de France - Banque de France

Post-Print from HAL

Abstract: The decision to allocate SDRs up to 455 billion (i.e. approximately USD 650 billion), taken by the G20 and which should be validated by the IMF's Executive Board before the end of the summer, entails a more than threefold increase in the stock of public SDRs. Until now, a very large part of these SDRs has remained immobilized in the balance sheets of the central banks of the major economies. The new dimension that this instru-ment is taking on has initiated a reflection on how to make this injection of international liquidity more effective by redirecting it to the countries that need it. This reflection is also taking place in a context where the public finances of the main official development assistance donor countries are under pressure due to the consequences of the health crisis.

Date: 2021-07-28
New Economics Papers: this item is included in nep-ban and nep-isf
Note: View the original document on HAL open archive server: https://hal.science/hal-03312053v2
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Published in FERDI Notes brèves / Policy briefs, 2021

Downloads: (external link)
https://hal.science/hal-03312053v2/document (application/pdf)

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:hal:journl:hal-03312053

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().