Determinants of use of special drawing rights by developing nations |
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Authors: | Danny M. Leipziger |
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Affiliation: | International economist with the US Agency for International Development |
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Abstract: | The paper examines the determinants of use of Special Drawing Rights by developing countries. Simple behavioural models are presented and estimated to explain the use of SDRs and the role of SDRs in the reserve portfolios of less developed countries. While the results are far from conclusive, they provide some understanding of the role of the newest international reserve asset in the international financial decisions of less developed countries. |
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