Does the SDR System Generate Permanent Resource Transfers?
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...
| Corporate Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1988.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1988/033 |
| Online Access: | Full text available on IMF |