SDRs in the transition from Bretton Woods monetary arrangements

Christopher M.D. Wilkie

in Special Drawing Rights (SDRs)

Published in print November 2011 | ISBN: 9780199606467
Published online January 2012 | e-ISBN: 9780191731648 | DOI:
SDRs in the transition from Bretton Woods monetary arrangements

More Like This

Show all results sharing this subject:

  • Macroeconomics and Monetary Economics


Show Summary Details


As soon as SDRs were instituted, the Bretton Woods arrangements began to unravel. While some observers noted that SDRs could not save the Bretton Woods system and were therefore doomed to irrelevance, others—in both the private and public sector—noted that they could serve a useful role, including in the provision of much‐needed liquidity to developing countries. The experience of a nascent and successful private market in SDRs is also an important but hitherto neglected attribute.

Keywords: SDR allocation; international liquidity provision; Committee of Twenty (C‐20); Euromarkets; Eurocurrency Markets; IMF Managing Director

Chapter.  14489 words. 

Subjects: Macroeconomics and Monetary Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.