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Special Drawing Rights (SDRs)The First International Money$
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Christopher Wilkie

Print publication date: 2011

Print ISBN-13: 9780199606467

Published to Oxford Scholarship Online: January 2012

DOI: 10.1093/acprof:oso/9780199606467.001.0001

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Conclusion

Conclusion

Chapter:
(p.239) 7 Conclusion
Source:
Special Drawing Rights (SDRs)
Author(s):

Christopher M.D. Wilkie

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199606467.003.0008

The short and chequered history of SDRs may be viewed as disappointing only when measured against the grand hopes that were expressed about them at their birth. Although they arrived ‘too little, and too late’ to save the Bretton Woods system, they have been adapted to post‐Bretton Woods arrangements and were an important part of the liquidity package put together to respond to the international financial crisis. Technical work has continued on enhancing their role. The SDR's prospective contribution to international monetary stability and the world economy remains considerable.

Keywords:   SDR and twenty‐first century, re‐emergence of SDRs on international monetary agenda, SDR and international economy, SDR and different international monetary arrangements, SDR flexibility/adaptability/relevance

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