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A Proposal to Issue SDR-Denominated Treasury Bonds: The Case for Colombia

Author

Listed:
  • Alfonso Iozzo

    (Robert Triffin Internationa
    Centro Studi sul Federalismo)

  • Fabio Masini

    (Roma Tre University)

  • Albertina Nania

    (Roma Tre University)

Abstract

The time might be ripe for a proposal regarding the issuing of SDR-denominated Treasury bonds in one or more Latin American countries. A modest initiative, in quantitative terms, by a country in a key area of the world could provide the trigger for future action in the same direction, helping to develop a liquid market for SDRs-denominated bonds, thereby contributing to relaunching multilateralism worldwide. Colombia, in particular, could fit this agenda. The change in the political majority in the government of the country, the growth dynamics experienced in recent decades, and its relative financial weakness may provide incentives for an initiative aimed at strengthening the country’s credibility on global financial markets.

Suggested Citation

  • Alfonso Iozzo & Fabio Masini & Albertina Nania, 2021. "A Proposal to Issue SDR-Denominated Treasury Bonds: The Case for Colombia," Working Papers n301, Robert Triffin International.
    • Handle: RePEc:afh:wpaper:n301
    as

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    File URL: https://www.triffininternational.eu/images/RTI/articles_papers/RTI-CSF_Iozzo-Masini-Nania_Colombia_Nov2022.pdf
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    More about this item

    Keywords

    Keywords: SDR; Treasury Bonds; Colombia; multilateralism; financial markets;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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