1. Special Drawing Rights (SDRs).
- Author
-
Salda, Anne C. M.
- Subjects
SPECIAL drawing rights ,INTERNATIONAL finance ,INTERNATIONAL liquidity ,RESERVE assets ,FINANCE - Abstract
This article presents studies on special drawing rights (SDR). Joseph Gold compares the most important features of SDR and gold as reserve assets. Gold also describes how the use of SDR as a unit of account or denominator is spreading among international organizations, states and public entities. The study by Dorothy M. Sobol focuses on some of the issues involved in liquidity creation, including the way in which Bretton Woods system functioned. After examining the reasons for the impasse in the role of the SDR, Polak discusses proposals for making the SDR more attractive.
- Published
- 1993