Fund Transactions and Reserve Creation

December 1, 1992

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper describes the effects of Fund transactions on members’ external reserves, estimates the net reserve creation or absorption by the Fund in the 1980s, and compares the role of the Fund in this respect with that of other sources of international reserves.

Subject: Central banks, Currencies, Freely usable currencies, International reserves, Money, Reserve assets, Reserve positions

Keywords: Currencies, currency exchange, deutsche mark, foreign exchange, Freely usable currencies, Fund resource, fund transaction, International reserves, Reserve assets, Reserve positions, SDR conversion, SDR holding, SDR transaction, SDR transfer, tranche position, usable currency, WP

Pages:
28
Volume:
1992
DOI:
https://doi.org/10.5089/9781451946741.001
Issue:
107
Series:
Working Paper No. 1992/107
Stock No:
WPIEA1071992
ISBN:
9781451946741
ISSN:
1018-5941

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Notes

Describes the effects of Fund transactions on members' external reserves and estimates the net reserve creation or absorption by the Fund in the 1980s.

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