 The Role of SDRs in Financing Commodity StabilisationChapter 9 in Managing Global Money, 1988, pp 134-144 from Palgrave Macmillan Abstract: Abstract Recent discussions on international monetary reform carried out under the auspices of the Committee of Twenty1 and more recently the Development Committee2 have raised a number of issues. Amongst these have been the questions of a Special Drawing Rights (SDR) ‘link’, and the problem of primary product price instability. Conventionally the concept of an SDR link relates to proposals which advocate linking the allocation of SDRs with the provision of some form of development assistance. Although there are many variants of the link, all explicit link schemes involve the use of national wealth or some proxy for wealth as a crucial criterion for determining the initial allocation of SDRs. These schemes suggest that SDRs should in the first place be distributed amongst the ‘poor’, ‘less developed’ or ‘least developed’ countries. It is not the purpose of this article to investigate such proposals since a number of adequate surveys are already available.3 Instead, this article sets out to propose an alternative, and fundamentally different form of SDR link. Keywords: International Monetary Fund; Supply Curve; Rightward Shift; International Reserve; Reserve Currency (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09588-9_9 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-09588-9_9 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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