The influence of US policy on the SDR under post‐Bretton Woods arrangements
SDRs could not prop up a Bretton Woods system without US support. And it is true that the SDR was no longer a priority for the US as post‐Bretton Woods arrangements consolidated themselves. Importantly, however, the US embrace of post‐Bretton Woods arrangements also included an accommodation of an SDR under the new system. The European Community and then European Union, as well as the IMF itself, also lost interest in the SDR as the complexities of both US international economic policy determination and international monetary governance intensified.
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