Special drawing rights and elasticity in the international monetary system

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Publication date
1 January 2022
Publisher
'Institute for New Economic Thinking'

Abstract

Published on 15 March 2022The Special Drawing Rights (SDR) system was designed in the 1960s as a mechanism to redistribute foreign exchange reserves within the Bretton Woods System. The new SDR allocation of August 2021 is an attempt to harness it to provide more elasticity in the international monetary system and to help Emerging Market Economies (EMEs) and Least Developed Countries (LDCs) address post-pandemic debt problems

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    Last time updated on 03/08/2022