Enhancing the role of the SDR

In the aftermath of the 2008 crisis many proposals were raised to reform the functioning of the international monetary system. Some of these proposals concerned the deepening of the Special Drawing Rights (SDR) as a reserve asset in order to provide liquidity in times of financial turmoil. It was ev...

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Detalles Bibliográficos
Autores principales: Mazier, Jacques, Valdecantos, Sebastián
Formato: Parte de libro publishedVersion
Lenguaje:Inglés
Publicado: Routledge 2020
Materias:
Sistema Monetario
Acceso en línea:https://nulan.mdp.edu.ar/id/eprint/3946/
https://nulan.mdp.edu.ar/id/eprint/3946/1/mazier-valdecantos-2020.pdf
Aporte de:
Nulan - Fac.Cs.Económicas (UNMdP) de Universidad Nacional de Mar del Plata (UNMdP)
id I29-R135-3946
record_format dspace
spelling I29-R135-39462023-10-02T13:33:52Z Enhancing the role of the SDR Mazier, Jacques Valdecantos, Sebastián In the aftermath of the 2008 crisis many proposals were raised to reform the functioning of the international monetary system. Some of these proposals concerned the deepening of the Special Drawing Rights (SDR) as a reserve asset in order to provide liquidity in times of financial turmoil. It was even put forward that regular SDR allocations could be useful to support the develop-ment of low-income countries regardless of the phase of the business cycle in which the global economy may find itself. Some of these proposals were gathered in the Stiglitz Report (Stiglitz, 2009). Other contributions have been made by the IMF (2011) itself. The debate faded later on with more urgent problems like the euro zone crisis and then with the progressive recovery of the world economy. Since the election of Donald Trump in the United States and the decline of the multilateralism, these proposals could appear as offset. But the likely return of a new world downturn and the depletion of the traditional tools of economic policy (both at the fiscal and monetary levels) could give new impetus to such coordinated actions. Routledge 2020 https://nulan.mdp.edu.ar/id/eprint/3946/ application/pdf eng https://nulan.mdp.edu.ar/id/eprint/3946/1/mazier-valdecantos-2020.pdf In Mazier, Jacques <https://nulan.mdp.edu.ar/view/creators/Mazier=3AJacques=3A=3A.html>, Global imbalances and financial capitalism. Stock-flow-consistent modelling (pp. 271-289). New York: Routledge (Routledge Frontiers of Political Economy). ISBN 978-0-429-43778-6 info:eu-repo/semantics/bookPart info:ar-repo/semantics/parte de libro info:eu-repo/semantics/publishedVersion Fil: Mazier, Jacques. University Sorbonne Paris Nord, CEPN-CNRS; France. Fil: Valdecantos, Sebastián. National University of General San Martín; Argentina. Sistema Monetario info:eu-repo/semantics/closedAccess https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
institution Universidad Nacional de Mar del Plata (UNMdP)
institution_str I-29
repository_str R-135
collection Nulan - Fac.Cs.Económicas (UNMdP)
language Inglés
orig_language_str_mv eng
topic Sistema Monetario
spellingShingle Sistema Monetario
Mazier, Jacques
Valdecantos, Sebastián
Enhancing the role of the SDR
topic_facet Sistema Monetario
description In the aftermath of the 2008 crisis many proposals were raised to reform the functioning of the international monetary system. Some of these proposals concerned the deepening of the Special Drawing Rights (SDR) as a reserve asset in order to provide liquidity in times of financial turmoil. It was even put forward that regular SDR allocations could be useful to support the develop-ment of low-income countries regardless of the phase of the business cycle in which the global economy may find itself. Some of these proposals were gathered in the Stiglitz Report (Stiglitz, 2009). Other contributions have been made by the IMF (2011) itself. The debate faded later on with more urgent problems like the euro zone crisis and then with the progressive recovery of the world economy. Since the election of Donald Trump in the United States and the decline of the multilateralism, these proposals could appear as offset. But the likely return of a new world downturn and the depletion of the traditional tools of economic policy (both at the fiscal and monetary levels) could give new impetus to such coordinated actions.
format Parte de libro
Parte de libro
publishedVersion
author Mazier, Jacques
Valdecantos, Sebastián
author_facet Mazier, Jacques
Valdecantos, Sebastián
author_sort Mazier, Jacques
title Enhancing the role of the SDR
title_short Enhancing the role of the SDR
title_full Enhancing the role of the SDR
title_fullStr Enhancing the role of the SDR
title_full_unstemmed Enhancing the role of the SDR
title_sort enhancing the role of the sdr
publisher Routledge
publishDate 2020
url https://nulan.mdp.edu.ar/id/eprint/3946/
https://nulan.mdp.edu.ar/id/eprint/3946/1/mazier-valdecantos-2020.pdf
work_keys_str_mv AT mazierjacques enhancingtheroleofthesdr
AT valdecantossebastian enhancingtheroleofthesdr
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