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The Case for Annual Special Drawing Right Allocations

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  • Edwin M. Truman

    (Harvard Kennedy School)

Abstract

The special drawing right (SDR) is issued by the International Monetary Fund (IMF). The SDR has the potential to strengthen dramatically the international monetary system. Established in 1969 and allocated twice during its first decade, the SDR was in the institutional closet from 1980 until 2009 when $250 billion in SDRs were allocated to members of the IMF to help address the global financial crisis. In 2021, another $650 billion in SDRs were allocated to help address the Coronavirus pandemic. The SDR has proved itself as a crisis instrument. This paper proposes regular annual SDR allocations.

Suggested Citation

  • Edwin M. Truman, 2023. "The Case for Annual Special Drawing Right Allocations," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 51(1), pages 65-70, March.
    • Handle: RePEc:kap:atlecj:v:51:y:2023:i:1:d:10.1007_s11293-023-09761-0
    DOI: 10.1007/s11293-023-09761-0
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    References listed on IDEAS

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    1. Cooper, Richard N., 2010. "Does the SDR Have a Future?," Scholarly Articles 13578516, Harvard University Department of Economics.
    2. Peter B. Clark & Jacques J. Polak, 2004. "International Liquidity and the Role of the SDR in the International Monetary System," IMF Staff Papers, Palgrave Macmillan, vol. 51(1), pages 1-3.
    3. Cooper Richard N, 2010. "Does the SDR Have a Future?," Journal of Globalization and Development, De Gruyter, vol. 1(2), pages 1-9, December.
    4. Edwin M. Truman, 2022. "The IMF should enhance the role of SDRs to strengthen the international monetary system," Working Paper Series WP22-20, Peterson Institute for International Economics.
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    Cited by:

    1. Miloš Poliak & Ekaterina Salamakhina, 2024. "Ensuring Fair Compensation: Analyzing and Adjusting Freight Forwarder Liability Limits," Logistics, MDPI, vol. 8(2), pages 1-16, April.

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