01922cas a2200241 a 4500 AALejournalIMF010596 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451930474 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 26 No. 4. Washington, D.C. : International Monetary Fund, 1979. 1 online resource (216 pages) IMF Staff 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 This paper reports the unfinished business of the 1974 Report to the Board of Governors on Reform of the International Monetary System on the question of the Special Drawing Right (SDR) as a basket of currencies. The SDR basket was revised after an initial period of four years and is subject to further revision at intervals of five years on the basis of an announced formula. Although the standard basket SDR has the properties that permit it to become a market asset, this is not the case for an SDR valued on the basis of any of the alternative methods considered in the C-20. The basic reason is that these other SDRs are not combinations of existing currencies but assets that have no counterpart in the market. In the adjustable basket, the divergence between currencies in the basket and currencies in the market occurs not only at the lower end of the range but at the upper end as well. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1979/004 Full text available on IMF http://elibrary.imf.org/view/journals/024/1979/004/024.1979.issue-004-en.xml IMF e-Library