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The "Hard" SDR An Exploratory Analysis

There has been considerable interest in recent years in the possibility of hardening the SDR, motivated by the desire for an international yardstick of monetary stability. This paper explores various ideas aimed at hardening the SDR in the light of the previous debate on the valuation of the SDR. Th...

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Bibliographic Details
Main Author: Thakur, Subhash
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Working Papers
Subjects:
Deflation
Price Level
Commodity Markets
Payment Systems
Commercial Products
Investments: Commodities
Standards
Investments: General
Money And Monetary Policy
Investment & Securities
Income
National Accounts
International Monetary Arrangements And Institutions
Monetary Systems
Purchasing Power
Capacity
Regimes
Monetary Economics
Commodities
Depreciation
Money
Macroeconomics
Saving And Investment
Inflation
Government And The Monetary System
Investment
Aggregate Factor Income Distribution
Intangible Capital
Currencies
Capital
Prices
United Kingdom
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:There has been considerable interest in recent years in the possibility of hardening the SDR, motivated by the desire for an international yardstick of monetary stability. This paper explores various ideas aimed at hardening the SDR in the light of the previous debate on the valuation of the SDR. The paper shows that the construction and implementation of a “hard” SDR which would preserve its purchasing power over goods and services is technically feasible and illustrates this by monthly computations covering the period from July 1974 to July 1993
Physical Description:58 pages
ISBN:9781451920796

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