Special Drawing Rights (SDRs): The First International Money

Author:   Christopher Wilkie (Canadian Ambassador to the Kingdom of Morocco)
Publisher:   Oxford University Press
ISBN:  

9780199606467


Pages:   322
Publication Date:   24 November 2011
Format:   Hardback
Availability:   To order   Availability explained
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Special Drawing Rights (SDRs): The First International Money


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Overview

Following the Rio Agreement in 1967, the birth of the Special Drawing Right (SDR) was widely heralded as the first step towards a world international money. The SDR's intended purpose, though, was more modest: to help salvage the prevailing international monetary system which had evolved since Bretton Woods. This volume examines the relatively recent and important history of SDRs - what they are, where they came from, and why they are significant. It considers the changing roles and influences of the US and the IMF as post-Bretton Woods monetary arrangements established themselves. Despite their retreat from early acclaim, work continued, particularly at the Fund, on enhancing the potential of SDRs to contribute to international monetary stability and SDRs have recently re-emerged as a potential source of support and stability for the international monetary system underpinning the world economy. The SDR, and the debate surrounding it, is an excellent prism through which to examine other important themes in contemporary international political economy, including international liquidity provision and international monetary reform. Ultimately, the policies of the US, the Fund, and the changing nature of the relationship between them emerge as fundamental themes for an understanding of prospects for SDRs under post-Bretton Woods international monetary arrangements. Today, the promise and disappointment that has characterized the short history of SDRs is more important than ever as the world again examines these arrangements in the wake of the international financial crisis.

Full Product Details

Author:   Christopher Wilkie (Canadian Ambassador to the Kingdom of Morocco)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.40cm , Height: 2.50cm , Length: 24.10cm
Weight:   0.642kg
ISBN:  

9780199606467


ISBN 10:   0199606463
Pages:   322
Publication Date:   24 November 2011
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Introduction 1: The Genesis of SDRs and the Limitations of the Rio Agreement 2: SDRs in the Transition from Bretton Woods Monetary Arrangements 3: The Influence of US and European Policy on the SDR Under Post-Bretton Woods Arrangements 4: The SDR and the US International Monetary Policy Process 5: SDRs and the Negotiation of the Second Amendment to the Fund's Articles of Agreement 6: SDRs After the Second Amendment Conclusion Appendix 1 Appendix 2 Appendix 3

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Author Information

Christopher Wilkie is Canadian Ambassador to Morocco. He holds a D.Phil. in International Relations from the University of Oxford, and has published widely on international trade-related issues. In addition to representing Canada in senior capacities at the WTO, UNCTAD, and as chief negotiator for investment agreements, he has served as Principal Administrator at the OECD in Paris.

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