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SDRs and Development Finance, a Policy Challenge that Needs to be Revisited. A Conversation with Michel Camdessus

Author

Listed:
  • Fabio Masini
  • Albertina Nania

Abstract

The interview with Michel Camdessus, former Managing Director of the International Monetary Fund, explores a few episodes concerning the failed attempts to issue Special Drawing Rights to support development, transition to a market economy and the need to finance global public goods. It also touches upon a few theoretical knots concerning the potential inflationary pressure of such issues and the establishment of a multi-layered framework of economic and monetary governance.

Suggested Citation

  • Fabio Masini & Albertina Nania, 2025. "SDRs and Development Finance, a Policy Challenge that Needs to be Revisited. A Conversation with Michel Camdessus," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2025(2), pages 135-147.
    • Handle: RePEc:fan:spespe:v:html10.3280/spe2025-002005
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    More about this item

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B27 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - International Trade and Finance
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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