The Future of the SDR in Light of Changes in the International Monetary System PDF Download
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Author: Mr.James M. Boughton
Publisher: International Monetary Fund
ISBN: 9781557756046
Category : Business & Economics
Languages : en
Pages : 474
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Book Description
This book edited by Michael Mussa, James M. Boughton, and Peter Isard, records the proceedings of a seminar held at the IMF in March 1996 on the future of the special drawing right (SDR), given changes in the international monetary system since the inception of the SDR. The seminar focuses on the differences in opinion in the international community on the desirability or feasibility of an additional allocation of SDRs.
Author: Mr.James M. Boughton
Publisher: International Monetary Fund
ISBN: 9781557756046
Category : Business & Economics
Languages : en
Pages : 474
Get Book Here
Book Description
This book edited by Michael Mussa, James M. Boughton, and Peter Isard, records the proceedings of a seminar held at the IMF in March 1996 on the future of the special drawing right (SDR), given changes in the international monetary system since the inception of the SDR. The seminar focuses on the differences in opinion in the international community on the desirability or feasibility of an additional allocation of SDRs.
Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
ISBN: 1498339484
Category : Business & Economics
Languages : en
Pages : 43
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Book Description
The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform. To be sure, the term SDR has been used to refer to three different concepts—(i) a composite reserve asset created in 1969: the “official SDR” as defined in the Fund’s Articles; (ii) a potential new class of reserve assets: tradable SDRdenominated securities issued by the Fund or an investment vehicle backed by a subset of the Fund’s membership; and (iii) a unit of account, which could be used to price internationally traded assets (e.g., sovereign bonds) and goods (e.g., commodities), to peg currencies, and to report balance of payments data. All three are discussed in this paper.
Author:
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 908
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Book Description
Author: Robert Guttmann
Publisher: Routledge
ISBN: 1315485958
Category : Business & Economics
Languages : en
Pages : 727
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Book Description
This text examines money, credit, and economic activity in the increasingly integrated global economy. It focuses on the problems afflicting the United States as it adapts to the transformation of the world economy.
Author: André Astrow
Publisher: Chatham House Report
ISBN: 9781862032606
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
"To assess what contribution, if any, gold could make to the current international monetary system in the wake of the global financial crisis, Chatham House set up a global Taskforce of experts in 2011. The Taskforce explored the advantages and disadvantages of reintroducing gold in the system and identified a number of possible scenarios for reform. For gold to play a more formal role in the international monetary system, it would be imperative that it neither hinders the system's performance nor creates unacceptable constraints on national economic policies; Although the discipline a gold standard imposes on monetary policy may have been helpful in limiting the reckless banking and excessive debt accumulation of the past decade, the rigidity of a fixed price for gold would likely have been a serious handicap with the onset of the financial crisis when a much more flexible monetary response was required; There is no clear-cut role for gold as a policy indicator. The historical behaviour of the gold price does not provide a particularly good indicator for either monetary or fiscal policy. In fact, since the financial crisis, the rise in the gold price has indicated the need for tighter policies which, if implemented, could have been deeply damaging; Gold can serve as a hedge against declining values of key fiat currencies, and can also be useful for central banks, but its role as a hedge is not cost free. Indeed, a major downside of holding gold is that its price can be extremely volatile. Also, it generates no yield, other than capital gains which are only realised when it is sold. Gold, therefore, can form part of a portfolio of assets that spreads valuation risk, but on the other hand, it is not very effective as a sole reserve asset."--Publisher description.
Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 1358
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Book Description
Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 1104
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Book Description
![Annual Report of the Secretary of the Treasury on the State of the Finances [with Accompanying Tables]. PDF](https://books.google.com/books/content/images/frontcover/OER-Dx8I2OwC?fife=w80-h100)
Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 1104
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Book Description
Author: International Monetary Fund
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 456
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Book Description
Author: Giovanni Capannelli
Publisher:
ISBN: 9789715618700
Category : Cambodia
Languages : en
Pages : 0
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Book Description
In the transitional economies of Cambodia, the Lao People's Democratic Republic, and Viet Nam (the CLV countries), foreign currencies such as the US dollar commonly circulate in addtion to the local currency. National authorities must consider the costs and benefits of such a system, especially in relation to monetary and exchange policies' effect on their development priorities. "This pioneering study is an important contribution to understanding the underpinnings of the Mekong economies' dynamism...Highly recommended." -- Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Austratlian National University While dealing with multiple currencies is ultimately an issue of national economic policy, the CLV countries could benefit from greater regional cooperation on monetary and financial issues. They would be able to exploit economies of scale, introduce best practices, and facilitate the adoption of common regulatory standards. Greater regional dialogue on monetary policy could also help the CLV countries find a solution to the so-called multiple-currency phenomenon and reap more benefits from their increasing regional economic interdependence. This study, conducted by a team of economists from the Asian Development Bank, academics, and personnel from CLV finance ministries and central banks, explores the issues of multiple currencies and regional monetary cooperation among the economies of the Association of Southeast Asian Nations (ASEAN) in the context of increasing regional economic interdependence. It reviews the main issues related to the monetary and exchange rate policy decisions taken by CLV national authorities, and discusses the options and opportunities available for enhancing monetary and financial stability in the ASEAN region.
