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Details van artikel 14 van 16 gevonden artikelen
| Titel: |
The less developed countries and the international monetary system |
| Auteur: |
Helleiner, G. K. |
| Verschenen in: |
The journal of development studies |
| Paginering: | Jaargang 10 (1974) nr. 3-4 pagina's 347-373 |
| Jaar: |
1974-04 |
| Inhoud: |
The functioning of the international monetary system is analyzed from the perspective of the less developed countries. They are shown to be significant beneficiaries of the introduction of special drawing rights in the International Monetary Fund, despite the unfavourable distribution formula, but to be confronted with exceptional difficulties in reserve management and exchange rate decision-making in the period of currency turmoil since 1971. The currency realignments of these countries are summarized in terms of their decisions as to which major currencies to follow both in 1971 and 1973. Their interests in international monetary reform, particularly in the alternative SDR-aid link proposals, are assessed. It is concluded that if the first-best reform - an altered distribution formula for SDR's in an SDR-based system in which low interest rates for borrowers are retained - cannot be achieved, the present system may carry more advantages for the less developed countries than a second-best 'link' scheme. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 14 van 16 gevonden artikelen
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