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Increasing The Role Of The Special Drawing Rights (Sdr)

Author

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  • IONESCU, Lucian C.

    (Institute for Studies on Finance and Banking, Bucharest, Romania)

Abstract

The present stage of the development of the international and financial system requires a substantial and significant increase of the Special Drawing Rights (SDR) functions both for resolving or at least mitigating crisis phenomena and for strengthening the stability and functioning of international monetary & financial relations. Although the `second amendment` of the Articles of the Agreement (IMF Statutes), since 1978, offered a large basis for developing the SDR role, in practice, the SDR’s role and functions have been quite limited. The inclusion of the Chinese yuan (renminbi) in defining SDR (2016) gave a kick-start to the debate regarding the important role that the SDR could play.

Suggested Citation

  • IONESCU, Lucian C., 2019. "Increasing The Role Of The Special Drawing Rights (Sdr)," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 7(1), pages 99-104, October.
    • Handle: RePEc:vls:rojfme:v:7:y:2019:i:1:p:99-104
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    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F3 - International Economics - - International Finance

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