The IMF should adopt a ‘real SDR’

A vibrant market in SDR linked to commodity prices could create a powerful new monetary anchor


It is unhelpful when the same object is weighed or measured in different units (inches, centimetres, etc) in different locations. It is manageable because those units have a fixed relationship to each other. The enormous benefit of pricing goods and services in the dominant money of a region encounters the same challenge when the same item is priced in a different money in a different region. When the value (purchasing power) of a money varies within and/or between regions, interpreting prices

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