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Die Bindung des Wechselkurses an das Sonderziehungsrecht — Ein Rückblick

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Duijm, B. Die Bindung des Wechselkurses an das Sonderziehungsrecht — Ein Rückblick. Credit and Capital Markets – Kredit und Kapital, 26(3), 451-468. https://doi.org/10.3790/ccm.26.3.451
Duijm, Bernhard "Die Bindung des Wechselkurses an das Sonderziehungsrecht — Ein Rückblick" Credit and Capital Markets – Kredit und Kapital 26.3, 1993, 451-468. https://doi.org/10.3790/ccm.26.3.451
Duijm, Bernhard (1993): Die Bindung des Wechselkurses an das Sonderziehungsrecht — Ein Rückblick, in: Credit and Capital Markets – Kredit und Kapital, vol. 26, iss. 3, 451-468, [online] https://doi.org/10.3790/ccm.26.3.451

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Die Bindung des Wechselkurses an das Sonderziehungsrecht — Ein Rückblick

Duijm, Bernhard

Credit and Capital Markets – Kredit und Kapital, Vol. 26 (1993), Iss. 3 : pp. 451–468

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Bernhard Duijm, Tübingen

References

  1. Balassa, Bela: Exchange Rate Regimes for LDCs, in: International and European Monetary System, ed. by E.-M. Claassen, New York 1990, pp. 83 - 95.  Google Scholar
  2. Bender, Dieter: Wechselkursbindung in Entwicklungsländern: Eine optimale Anpassungsstrategie an flexible Wechselkurse?, in: Kredit und Kapital, 18. Jg. (1985), S. 320 - 346.  Google Scholar
  3. Bird, Graham: The Choice of Exchange Rate Regime in Developing Countries, in: Philippine Economic Journal, Vol. 18 (1979), No. 2, pp. 148 - 162.  Google Scholar

Abstract

Ties between the Exchange Rate and the Special Drawing Bight

A general float of exchange rates has led to greater instability of the weighted external value of many countries’ currency especially where it is related to non-basket currencies. As an exchange-rate policy alternative, many countries have opted in favour of making their currency a basket currency in order to effectively stabilize their exchange rates thereby. Since the IMF Special Drawing Right (SDR) is a currency basket-based monetary unit, it lends itself as a reference basis for fixing exchange rates. Before the early 1980s, the SDR was of certain importance as a basis on which to fix exchange rates. Inspite of the IMF’s efforts to strengthen the monetary function of the SDR, a rising number of countries are now turning their backs on ties between their currency and the SDR and showing a preference for different exchange-rate regimes.