Abstract:In the late-1960's, international discussions over a possible reform of the international monetary system originated the Special Drawing Right (SDR). While they had been created initially to represent an additional asset to complement the existing reserves of u.S. dollars and gold, after the crisis of the Bretton Woods system the SDR was considered a possible substitute of the u.S. dollar. Relying on a consolidated literature, this article aims at demonstrating that the origins of the SDR were not the exclusiv… Show more
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