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The Case for Annual Special Drawing Right Allocations

The Case for Annual Special Drawing Right Allocations The special drawing right (SDR) is issued by the International Monetary Fund (IMF). The SDR has the potential to strengthen dramatically the international monetary system. Established in 1969 and allocated twice during its first decade, the SDR was in the institutional closet from 1980 until 2009 when $250 billion in SDRs were allocated to members of the IMF to help address the global financial crisis. In 2021, another $650 billion in SDRs were allocated to help address the Coronavirus pandemic. The SDR has proved itself as a crisis instrument. This paper proposes regular annual SDR allocations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Atlantic Economic Journal Springer Journals

The Case for Annual Special Drawing Right Allocations

Truman, Edwin M.
Atlantic Economic Journal , Volume 51 (1) – Mar 1, 2023
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References (9)

Publisher
Springer Journals
Copyright
Copyright © International Atlantic Economic Society 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.
ISSN
0197-4254
eISSN
1573-9678
DOI
10.1007/s11293-023-09761-0
Publisher site
See Article on Publisher Site

Abstract

The special drawing right (SDR) is issued by the International Monetary Fund (IMF). The SDR has the potential to strengthen dramatically the international monetary system. Established in 1969 and allocated twice during its first decade, the SDR was in the institutional closet from 1980 until 2009 when $250 billion in SDRs were allocated to members of the IMF to help address the global financial crisis. In 2021, another $650 billion in SDRs were allocated to help address the Coronavirus pandemic. The SDR has proved itself as a crisis instrument. This paper proposes regular annual SDR allocations.

Journal

Atlantic Economic Journal – Springer Journals

Published: Mar 1, 2023

Keywords: Special drawing rights; International Monetary Fund; Foreign exchange; F32; F33

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