The authors propose a two-step approach for the IMF to integrate decentralized ledger technology with Special Drawing Rights to establish SDR as the primary numeraire and reserve currency for cross-border transactions.
Glo bal Music Report, http://www.ifpi.org/downloads/GMR2017.pdf, 2017
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Special Drawing Rights in a New Decentralized Century
The authors propose a two-step approach for the IMF to integrate decentralized ledger technology with Special Drawing Rights to establish SDR as the primary numeraire and reserve currency for cross-border transactions.