The Future of the SDR in Light of Changes in the International Monetary System / James Boughton, Peter Isard, Michael Mussa.

Format:

Book

Conference/Event

Government document

Author/Creator:

Boughton, James.

Contributor:

Isard, Peter.

Mussa, Michael.

Conference Name:

Future of the SDR in light of changes in the international financial system (1996 : Washington, D.C.)

Series:

Books

Language:

English

Subjects (All):

Special drawing rights--Congresses.

Special drawing rights.

International finance--Congresses.

International finance.

Physical Description:

1 online resource (464 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 1996.

Language Note:

English

Summary:

This book edited by Michael Mussa, James M. Boughton, and Peter Isard, records the proceedings of a seminar held at the IMF in March 1996 on the future of the special drawing right (SDR), given changes in the international monetary system since the inception of the SDR. The seminar focuses on the differences in opinion in the international community on the desirability or feasibility of an additional allocation of SDRs.

Contents:

""CONTENTS""; ""FOREWORD""; ""PREFACE""; ""LIST OF SEMINAR PARTICIPANTS""; ""1 HIGH TIME FOR A BROAD REVIEW""; "" Michel Camdessus""; ""Henry Fowler""; ""2 BACKGROUND AND OVERVIEW""; ""3 THE HISTORY OF THE SDR ""; ""Creation and Evolution of the SDR""; ""The SDR: Conditional or Unconditional?""; ""The SDR: An Historical Perspective""; ""The Once and Future SDR?""; ""General Discussion""; ""4 Is THERE A CASE FOR ALLOCATION UNDER THE PRESENT ARTICLES?""; ""The Rationale for SDR Allocation Under the Present Article of Agreement of the International Monetary Fund""

""SDR Allocations and the Present Articles of Agreement""""No Future for the SDR""; ""Interpreting ""Long-Term Global Need""""; ""Rationalizing SDR Allocation""; ""General Discussion""; ""5 STABILITY IN A MULTIPLE RESERVE-ASSET SYSTEM""; ""The SDR in the Light of the Multicurrency System""; ""Comments: Kathryn M. Dominguez""; ""Makoto Utsumi""; ""Paul De Grauwe""; ""General Discussion""; ""6 THE POTENTIAL FOR THE SDR IN THE CREATION OF UNCONDITIONAL LIQUIDITY""; ""Is There Still a Rationale for the SDR as a Source of Unconditional Liquidity in the International Monetary System?""

""The Potential of the SDR for Improving the International Monetary System""""A Focused SDR Allocation""; ""General Discussion""; ""7 THE POTENTIAL FOR THE SDR IN THE CREATION OF CONDITIONAL LIQUIDITY""; ""Should the SDR Become the Sole Financing Technique for the IMF?""; ""The Use of SDRs in the Financing of Official Safety Net Mechanisms""; ""The Potential Role of the SDR in Improving the Reserve System""; ""Does the World Need a New Official Safety Net to Deal with Potential Financial Crisis?""; ""General Discussion""; ""8 THE CHARACTERISTICS OF THE SDR""

"" The SDR and Its Characteristics as an Asset: An Appraisal""""Currency Baskets as International Units of Account""; ""Does the World of the SDR Still Exist?""; ""The SDR as an International Means of Payment""; ""General Discussion""; ""9 IMPLICATIONS OF THE FUTURE EVOLUTION OF THE INTERNATIONAL MONETARY SYSTEM""; ""The SDR, Reserve Currencies, and the Future of the International Monetary System""; ""Comments: Tommaso Padoa-Schioppa and Fabrizio Saccomanni""; ""H. Onno Ruding""; ""Wendy Dobson""; ""General Discussion""; ""10 PANEL DISCUSSION ""; ""Peter B. Kenen""; ""Christian Stals""

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781462339143

146233914X

9781455248766

1455248762

9781455257768

1455257761