Ocampo proposes move to fully SDR-based IMF
The best option to reform the global reserve system is to create a fully Special-Drawing-Rights-based International Monetary Fund (IMF) with a clear counter-cyclical focus, says José Antonio Ocampo, an economist at Columbia University and former under-secretary-general for Economic and Social Affairs of the United Nations, in a new paper.
Ocampo says the advantage of a system based on a "truly global" reserve currency was that it would eliminate the need for the Fund to manage a multiplicity of
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