Renovation of the Global Reserve Regime: Concepts and Proposals

Peter Kenen

No 1227, Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

Abstract: The subject of this paper is one about which I have written before, but this paper goes further than those published previously. It contemplates the gradual transformation of the global reserve regime by making the IMF's quasi-currency, the SDR, the primary reserve asset of the international monetary system, which was the objective adopted when the SDR was introduced in 1969.

Keywords: foreign exchange; currency reserves; International Monetary Fund (search for similar items in EconPapers)
JEL-codes: E42 E58 F31 F33 (search for similar items in EconPapers)
Date: 2010-06
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pri:cepsud:208

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