SDRs and Development Finance, a Policy Challenge that Needs to be Revisited. A Conversation with Michel Camdessus
Journal title HISTORY OF ECONOMIC THOUGHT AND POLICY
Author/s Fabio Masini, Albertina Nania
Publishing Year 2025 Issue 2025/2
Language English Pages 13 P. 135-147 File size 81 KB
DOI 10.3280/SPE2025-002005
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The interview with Michel Camdessus, former Managing Director of the International Monetary Fund, explores a few episodes concerning the failed attempts to issue Special Drawing Rights to support development, transition to a market economy and the need to finance global public goods. It also touches upon a few theoretical knots concerning the potential inflationary pressure of such issues and the establishment of a multi-layered framework of economic and monetary governance.
Keywords: IMF, Paris Club, SDR, development finance, global public goods
Jel codes: A11, B27, B31, F02, F33, F34
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Fabio Masini, Albertina Nania, SDRs and Development Finance, a Policy Challenge that Needs to be Revisited. A Conversation with Michel Camdessus in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 2/2025, pp 135-147, DOI: 10.3280/SPE2025-002005