This study group will explore the future of the International Monetary Fund's (IMF) Special Drawing Right (SDR). The SDR instrument was established in 1969 to reinforce the Bretton Woods international monetary system. IMF members agreed to issue SDR on the eve of the collapse of the Bretton Woods system in 1971 and again in the late 1970s. For the next three decades the SDR was in deep freeze. In response to the global financial crisis in 2009, the IMF issued $250 billion SDR. In response to the corona virus pandemic, the IMF issued another $650 billion SDR. This study group will briefly review history of the SDR, summarize arguments for and against issuing SDRs put forth over the past 50 years, and outline proposals to enhance the attractiveness of SDR allocations in the future.
This in-person event is limited to those with an HUID. Sign-in will be required of all attendees.
Speakers and Presenters
Edwin (Ted) Truman