This paper describes how the changed conditions in the international monetary system have undermined the role originally envisaged for the SDR. It argues that the concept of a global stock of international liquidity, which was fundamental to the creation of the SDR, is now no longer relevant....

This paper describes how the changed conditions in the international monetary system have undermined the role originally envisaged for the SDR. It argues that the concept of a global stock of international liquidity, which was fundamental to the creation of the SDR, is now no longer relevant....

La discusión del artículo de Max Corden en la reunión de la Southern Economic Association se llevó a cabo prácticamente en su totalidad dentro de un contexto mexicano. Esto me pareció hasta cierto punto incongruente, no porque los economistas de México no presten mucha atención en este...

This paper describes the essence of the Bretton Woods conference. The Bretton Woods conference was one of a number of inter-allied conferences in the later part of World War II that led to the creation of a new international organization. The point of this paper is not to defend the Bretton...