{
  "title": "Enhancing International Monetary Stability--A Role for the SDR?",
  "publication": "Policy Papers, January 7, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/enhancing-international-monetary-stability-a-role-for-the-sdr-pp4523",
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  "summary": "The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform. To be sure, the term SDR has been used to refer to three different concepts—(i) a composite reserve asset created in 1969: the “official SDR” as defined in the Fund’s Articles; (ii) a potential n",
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      "heading": "Summary",
      "content": "- The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform.\n- The term SDR has been used to refer to three different concepts; all three are discussed in this paper.\n- Publication date: January 7, 2011."
    },
    {
      "heading": "Three concepts of the SDR (as described in the paper)",
      "content": "- (i) A composite reserve asset created in 1969: the “official SDR” as defined in the Fund’s Articles.\n- (ii) A potential new class of reserve assets: tradable SDR-denominated securities issued by the Fund or an investment vehicle backed by a subset of the Fund’s membership.\n- (iii) A unit of account, which could be used to:\n  - price internationally traded assets (e.g., sovereign bonds) and goods (e.g., commodities),\n  - peg currencies,\n  - report balance of payments data."
    },
    {
      "heading": "Subject focus and analytical themes",
      "content": "- Basket of currencies composition\n- Exchange rate stability\n- Exchange rate variability\n- International monetary system\n- Reserve assets\n- Reserves accumulation\n- SDR role\n- SDR valuation basket\n- SDRs"
    },
    {
      "heading": "Related IMF services referenced on the page",
      "content": "- The IMF eLibrary offers over 25,000 IMF publications in multiple formats.\n- IMF Publications Newsletter: Latest economic research and insights delivered to your inbox each month.\n\nSource: Enhancing International Monetary Stability--A Role for the SDR?, International Monetary Fund, January 7, 2011.\n\n---\n\n Content in this bundle\n\n- Enhancing International Monetary Stability—A Role for the SDR?; IMF Policy Paper; January 7, 2011\n  - Enhancing International Monetary Stability—A Role for the SDR?; IMF Policy Paper; January 7, 2011 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Enhancing International Monetary Stability—A Role for the SDR?; IMF Policy Paper; January 7, 2011 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/enhancing-international-monetary-stability-a-role-for-the-sdr-pp4523"
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    "Published: January 7, 2011",
    "Series: Policy Papers",
    "The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform.",
    "The term SDR has been used to refer to three different concepts; all three are discussed in this paper.",
    "Publication date: January 7, 2011.",
    "(i) A composite reserve asset created in 1969: the “official SDR” as defined in the Fund’s Articles.",
    "(ii) A potential new class of reserve assets: tradable SDR-denominated securities issued by the Fund or an investment vehicle backed by a subset of the Fund’s membership.",
    "(iii) A unit of account, which could be used to:",
    "Basket of currencies composition",
    "Exchange rate stability",
    "Exchange rate variability",
    "International monetary system",
    "Reserve assets",
    "Reserves accumulation",
    "SDR role",
    "SDR valuation basket",
    "SDRs",
    "The IMF eLibrary offers over 25,000 IMF publications in multiple formats.",
    "IMF Publications Newsletter: Latest economic research and insights delivered to your inbox each month.",
    "**Enhancing International Monetary Stability—A Role for the SDR?; IMF Policy Paper; January 7, 2011**"
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