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...
| Співавтор: | |
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Серія: | IMF Working Papers; Working Paper ;
No. 1988/033 |
| Онлайн доступ: | Full text available on IMF |