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- W4256045661 abstract "Significance The COVID-19 crisis has exposed the disparity in fiscal and monetary firepower between developed and developing economies. Within the G7, support is growing for a new allocation of IMF special drawing rights (SDRs) -- international reserves that can be swapped for hard currency -- now that the US leadership is better disposed to multilateral action. Impacts The US Congress must approve an SDR round over USD685bn; a smaller issue is likely as many Republicans oppose financing Iran and China. The G20’s moratorium on developing nations debt servicing payments is set to be extended beyond June, but vast payment gaps still remain. The rising US yield curve and dollar rally will pressure emerging market borrowers by raising their dollar-denominated debt repayments." @default.
- W4256045661 created "2022-05-12" @default.
- W4256045661 date "2021-02-19" @default.
- W4256045661 modified "2023-10-16" @default.
- W4256045661 title "The G7 is edging closer to a new round of SDRs" @default.
- W4256045661 doi "https://doi.org/10.1108/oxan-db259633" @default.
- W4256045661 hasPublicationYear "2021" @default.
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