Managing Global Money pp 115-123 | Cite as
An Analysis of the Welfare Gains from Special Drawing Rights
Chapter
Abstract
The SDR facility was established in 1969 to provide the international monetary system with a source of liquidity which is independent of the unregulated outcome of the US balance of payments, current gold production and the activities of speculators. The scheme has provided participating countries with significant, though comparatively small, amounts of liquidity.
Keywords
Marginal Benefit Efficiency Ratio Welfare Gain Social Discount Rate International Money
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Copyright information
© Graham Bird 1988