Sep 15, 2023 · This paper analyzes the impact of higher SDR interest rates on IMF members with negative net SDR Department positions. To do so, it constructs ...
The Financial Cost of Using Special Drawing Rights: Implications of Higher Interest Rates
Book by Ayah Said, Mr. Nicolas End, and Neil Shenai
Since the August 2021 SDR allocation, the SDR interest rate has risen about 390 basis points through end-June 2023. This paper analyzes the impact of higher SDR interest rates on IMF members with negative net SDR Department positions. ... Google Books
Originally published: September 15, 2023
Authors: Neil Shenai, Ayah Said, Jakree Koosakul, and more
People also ask
What are the benefits of Special Drawing Rights?
The SDR is an international reserve asset created by the IMF to supplement the official reserves of its member countries. The SDR is not a currency. It is a potential claim on the freely usable currencies of IMF members. As such, SDRs can provide a country with liquidity.
What is the SDR interest rate?
The SDR interest rate is determined weekly on each Friday and is based on a weighted average of representative interest rates on 3-month debt in the money markets of the five SDR basket currencies (i.e., the U.S. dollar, Japanese yen, euro, and pound sterling, and the Chinese renminbi).
What are the Special Drawing Rights of the International Monetary Fund?
Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969. It operates as a supplement to the existing money reserves of member countries.
What is the role of the IMF in the balance of payments and SDR?
The IMF issues an international reserve asset known as Special Drawing Rights, or SDRs, that can supplement the official reserves of member countries. Total global allocations are currently about SDR 204.2 billion, about $293 billion. IMF members can voluntarily exchange SDRs for currencies among themselves.
This paper analyzes the impact of higher SDR interest rates on IMF members with negative net SDR Department positions. To do so, it constructs SDR forward ...
This paper analyzes the impact of higher SDR interest rates on IMF members with negative net SDR Department positions. To do so, it constructs SDR forward ...
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This paper analyzes the impact of higher SDR interest rates on IMF members with negative net SDR Department positions. To do so, it constructs SDR forward ...
Sep 15, 2023 · Our analysis shows that the expected costs of charges (interest) in net present value terms are estimated to have more than tripled, while the ...
... Financial Cost of Using Special Drawing Rights: Implications of Higher Interest Rates Prepared by Neil Shenai, Nicolas End, Jakree Koosakul, Ayah Said ...
2023/193 The Financial Cost of Using Special Drawing Rights: Implications of Higher Interest Rates by Mr. Neil Shenai & Mr. Nicolas End & Jakree Koosakul & Ayah ...
The Financial Cost of Using Special Drawing Rights: Implications of Higher Interest Rates. Mr. Neil Shenai, Mr. Nicolas End, Jakree Koosakul, ...
5, The Financial Cost of Using Special Drawing Rights: Implications of Higher Interest Rates · Mr. Neil Shenai ; 6, Fueling or Following Growth? Causal Effects ...
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