01648cas a2200241 a 4500 AALejournalIMF010120 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451979077 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Does the SDR System Generate Permanent Resource Transfers? Washington, D.C. : International Monetary Fund, 1988. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper analyzes whether the SDR system generates permanent resource transfers-i.e., transfers of resources that do not involve equivalent quid pro quos. It is argued that SDR allocation only gives rise to permanent resource transfers if the SDR interest rate is uncompetitive or if holding SDRs is perceived to be risky, and that the use of SDRs gives rise to permanent resource transfers only if the SDR interest rate is uncompetitive. These conclusions are reconciled with the fact that SDR allocation can provide reserves to many countries at terms more favorable than the costs of borrowing or earning reserves. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/033 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/033/001.1988.issue-033-en.xml IMF e-Library