Special Drawing Rights (SDRs)

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Author :
Publisher : Oxford University Press (UK)
ISBN 13 : 0199606463
Total Pages : 323 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Special Drawing Rights (SDRs) by : Christopher Wilkie

Download or read book Special Drawing Rights (SDRs) written by Christopher Wilkie and published by Oxford University Press (UK). This book was released on 2012 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: It considers the changing roles and influences of the U.S.

Considerations on the Role of the SDR

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498308228
Total Pages : 47 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Considerations on the Role of the SDR by : International Monetary Fund. Finance Dept.

Download or read book Considerations on the Role of the SDR written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-04-11 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores whether a broader role for the SDR could contribute to the smooth functioning and stability of the international monetary system (IMS). Recent staff assessments highlighted that the IMS has displayed considerable resilience. But episodes of stress point also to some weaknesses, including in external adjustment mechanisms; limitations of official liquidity provisions through the Global Financial Safety Net (GFSN); and large-scale reserve accumulation—with systemic side effects. Those weaknesses, together with the expansion of the SDR basket, have renewed interest in the SDR and motivated a discussion of whether there is an economic rationale for a broader SDR role. The paper looks into how those weaknesses can be mitigated by three concepts of the SDR: the official SDR, the reserve asset administered by the IMF (O-SDR); SDR-denominated financial instruments, or “market SDRs” (M-SDR); and the SDR as a unit of account (U-SDR). However, the paper does not propose specific reform options.

Software-Defined Radio for Engineers

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Author :
Publisher : Artech House
ISBN 13 : 1630814598
Total Pages : 378 pages
Book Rating : 4.6/5 (38 download)

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Book Synopsis Software-Defined Radio for Engineers by : Alexander M. Wyglinski

Download or read book Software-Defined Radio for Engineers written by Alexander M. Wyglinski and published by Artech House. This book was released on 2018-04-30 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the popular Artech House classic, Digital Communication Systems Engineering with Software-Defined Radio, this book provides a practical approach to quickly learning the software-defined radio (SDR) concepts needed for work in the field. This up-to-date volume guides readers on how to quickly prototype wireless designs using SDR for real-world testing and experimentation. This book explores advanced wireless communication techniques such as OFDM, LTE, WLA, and hardware targeting. Readers will gain an understanding of the core concepts behind wireless hardware, such as the radio frequency front-end, analog-to-digital and digital-to-analog converters, as well as various processing technologies. Moreover, this volume includes chapters on timing estimation, matched filtering, frame synchronization message decoding, and source coding. The orthogonal frequency division multiplexing is explained and details about HDL code generation and deployment are provided. The book concludes with coverage of the WLAN toolbox with OFDM beacon reception and the LTE toolbox with downlink reception. Multiple case studies are provided throughout the book. Both MATLAB and Simulink source code are included to assist readers with their projects in the field.

The Hobbyist's Guide to the RTL-SDR

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781514716694
Total Pages : 0 pages
Book Rating : 4.7/5 (166 download)

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Book Synopsis The Hobbyist's Guide to the RTL-SDR by : Carl Laufer

Download or read book The Hobbyist's Guide to the RTL-SDR written by Carl Laufer and published by Createspace Independent Publishing Platform. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about tips and tutorials that show you how to get the most out of your RTL-SDR dongle. Most projects described in this book are also compatible with other wideband SDRs such as the HackRF, Airspy and SDRPlay RSP.

The Future of the SDR in Light of Changes in the International Monetary System

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557756046
Total Pages : 474 pages
Book Rating : 4.7/5 (56 download)

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Book Synopsis The Future of the SDR in Light of Changes in the International Monetary System by : Mr.James M. Boughton

Download or read book The Future of the SDR in Light of Changes in the International Monetary System written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 1996-09-26 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book edited by Michael Mussa, James M. Boughton, and Peter Isard, records the proceedings of a seminar held at the IMF in March 1996 on the future of the special drawing right (SDR), given changes in the international monetary system since the inception of the SDR. The seminar focuses on the differences in opinion in the international community on the desirability or feasibility of an additional allocation of SDRs.

Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151359334X
Total Pages : 45 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations by : International Monetary Fund

Download or read book Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-08-23 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Note provides guidance for staff on the treatment and use of allocations of Special Drawing Rights (SDRs). It presents a consistent framework for IMF country teams to assess the macroeconomic implications of the SDR allocation at the country level, covering the following areas: • Statistical and accounting treatment. • General macroeconomic implications and advice. • Debt sustainability analysis. • Transparency and accountability. • Reserve management. • Implications for Fund-supported programs.

Staff Note for the G20 - The Role of the SDR - Initial Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498345441
Total Pages : 25 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Staff Note for the G20 - The Role of the SDR - Initial Considerations by : International Monetary Fund

Download or read book Staff Note for the G20 - The Role of the SDR - Initial Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-07-15 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the recent diagnostic of the international monetary system (IMS), the IMF will explore whether a broader role for the SDR could contribute to its smooth functioning. The economic rationale for or against broader use of the SDR will be examined, focusing in particular on identifying any gaps and market failures the SDR could help address in light of the increasingly multi-polar nature of the global economy and growing financial interconnectedness. This note sets out some initial considerations on this matter. The note sketches some key issues bearing on the role of the SDR in each of three concepts: (i) the official SDR, or “O-SDR”, the composite reserve asset issued and administered by the IMF; (ii) SDR-denominated financial market instruments, or “M-SDRs,” which could be both issued and held by any parties; and (iii) the SDR as a unit of account. M-SDRs reduce foreign exchange and interest rate risk relative to single-currency instruments, but there are some drawbacks and challenges. The basket nature of M-SDRs would allow the volatility of returns to be lower than for a similar singlecurrency instrument. However, the SDR only represents one of many possible sets of portfolio weights, and issuers or investors could use existing instruments to replicate their preferred weights at a relatively low cost. There are also challenges to market development, including settling and clearing of M-SDR transactions, dealing with potential basket redefinition, and fostering secondary market trading in order to generate liquidity and market depth. There are potential benefits to using the SDR as a unit of account, which have to be weighed against other considerations. Publishing economic statistics and financial statements in SDR terms could help users identify valuation changes. Statistical authorities would need to invest in communicating the rationale for any change in practices. While the official SDR under its current framework is not playing a significant role in the IMS, a re-examination of its role is expected to inform whether any specific reform options should be pursued. The evolution of the IMS has given rise to an active debate on how much concern is posed by high rates of reserve accumulation, global imbalances, and rising claims on reserve issuers, and on whether the O-SDR could contribute to addressing these issues.

Review of The Method of Valuation of The SDR—Proposed Extension of The Valuation Of The SDR Basket and Modification of The Date Of Effect of A New Basket

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513574035
Total Pages : 7 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Review of The Method of Valuation of The SDR—Proposed Extension of The Valuation Of The SDR Basket and Modification of The Date Of Effect of A New Basket by : International Monetary Fund. Finance Dept.

Download or read book Review of The Method of Valuation of The SDR—Proposed Extension of The Valuation Of The SDR Basket and Modification of The Date Of Effect of A New Basket written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2021-03-15 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: On March 5, 2021, the IMF’s Executive Board approved an extension of the current Special Drawing Right (SDR) valuation basket by ten months from September 30, 2021 to July 31, 2022. The IMF normally reviews the composition and valuation of the SDR basket every five years. The extension effectively resets the five-yearly cycle of SDR valuation reviews, with the next review to be completed by mid-2022 and the new basket becoming effective on August 1, 2022. The ten-month extension contributes to the Fund’s ongoing efforts to prioritize work during the COVID-19 crisis and allows for a more suitable effectiveness date of the new basket, which does not coincide with some major markets being closed. The approved extension, as well as effectiveness date of a new basket, is intended to facilitate the continued smooth functioning of SDR-related operations.

Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498335632
Total Pages : 23 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Guidance Note for Fund Staff on the Treatment and Use of SDR Allocations written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2009-08-28 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of the global financial crisis, the IMF has decided to implement a US$250 billion general allocation of special drawing rights (SDRs). In addition, the Fourth Amendment of the Fund’s Articles of Agreement has recently become effective, and will make available to SDR Department participants a special allocation of up to an additional SDR 21.5 billion (US$33 billion). Nearly US$115 billion of these combined allocations will go to emerging market and developing countries, including about US$20 billion to low-income countries (LICs), thereby providing an important boost to the reserves of countries with the greatest needs.

Review of the Method of Valuation of the SDR - Initial Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344313
Total Pages : 65 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Method of Valuation of the SDR - Initial Considerations by : International Monetary Fund. Asia and Pacific Dept

Download or read book Review of the Method of Valuation of the SDR - Initial Considerations written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2015-07-16 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper lays out initial considerations for the quinquennial review of the method of valuation of the Special Drawing Right (SDR) currency basket. As in previous reviews, a key objective is to enhance the attractiveness of the SDR as an international reserve asset. In that context, the review will assess the currencies for SDR basket inclusion, currency weights, and the SDR interest rate basket. The paper takes as a starting point the conclusions of the last review in 2010 and the subsequent Board discussion of currency selection criteria in 2011. At the time of the last review, China met the gateway export criterion but the renminbi (RMB) was not included in the SDR basket as it was not judged to be freely usable, the second currency selection criterion. In light of the Board’s broad support in 2011 for the existing legal framework, and since China continues to meet the export criterion, this paper discusses building blocks relevant for a future determination on whether to include the RMB in the basket under the existing criteria.

Review of the Method of Valuation of the SDR

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of the Method of Valuation of the SDR by : International Monetary

Download or read book Review of the Method of Valuation of the SDR written by International Monetary and published by International Monetary Fund. This book was released on 2022-05-16 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides the basis for the quinquennial review by the Executive Board of the method of valuation of the Special Drawing Right (SDR). The review covers the composition and weighting of the SDR currency basket, and the financial instruments used to determine the SDR interest rate. In the five-year period for this review (2017‒21), developments in key variables relevant for the SDR valuation suggest that there have been no major changes in the roles of currencies in the world economy. The countries and the currency union (euro area) whose currencies are currently included in the SDR basket remain the five largest exporters and their currencies continue to account for the majority of international financial transactions. Moreover, staff analysis finds that the COVID-19 pandemic and recent fintech developments have no systematic or material impact on the SDR valuation. The paper proposes to maintain the current composition of the SDR currency and interest rate baskets, as well as the method for determining the currency weights and currency amounts in the basket. In line with the Board-approved methodology, the paper proposes updated weights for the currencies in the SDR basket. These maintain the same ranking of the initial weights set in the 2015 review, with slightly higher weights for the U.S. dollar and the Chinese renminbi and, accordingly, somewhat lower weights for the British pound, the euro, and the Japanese yen. The paper also proposes to make explicit the treatment of data gaps in the SDR valuation framework. Findings from a survey of SDR department participants and prescribed holders are used to follow up on operational issues raised in earlier valuation reviews. The new SDR valuation and interest rate baskets are proposed to come into effect on August 1, 2022 for a period of five years.

SDR Currency Basket—Proposed Extension of the Valuation of the SDR

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344305
Total Pages : 5 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis SDR Currency Basket—Proposed Extension of the Valuation of the SDR by : International Monetary Fund

Download or read book SDR Currency Basket—Proposed Extension of the Valuation of the SDR written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-08 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes an extension of the current SDR valuation basket for a period of nine months to September 30, 2016. This extension would respond to feedback from SDR users on the desirability of avoiding changes in the basket at the end of the calendar year and facilitate the continued smooth functioning of SDR-related operations. As discussed at the informal Board meeting on July 29, this proposal does not in any way prejudge the outcome of the Review of the Method of Valuation of the SDR.

Recent Fall in the SDR Interest Rate--Implications and Proposed Amendments to Rule T-1

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498342663
Total Pages : 25 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Recent Fall in the SDR Interest Rate--Implications and Proposed Amendments to Rule T-1 by : International Monetary Fund

Download or read book Recent Fall in the SDR Interest Rate--Implications and Proposed Amendments to Rule T-1 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-10-16 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDR interest rate is at historic lows. Under the current Rule T-1, the SDR interest rate is calculated as the weighted average of interest rate instruments in the SDR basket, and stood at just 3 basis points for the week of October 13th. Market rates could decline further, which could reduce the SDR interest rate to zero or negative levels under the formula of the current Rule T-1. However, there is no authority under the Articles of Agreement for the Fund to establish a zero or negative SDR interest rate. The wording of the relevant provisions in the Articles does not leave room for a zero or negative rate, and nothing in the legislative history of the First and Second Amendments suggests that zero or negative rates were ever contemplated. Negative SDR interest rates would also have adverse implications for the Fund’s finances. Moreover, very low SDR interest rates affect the functioning of the burden sharing mechanism for deferred charges. Under current Board decisions, the equal burden sharing, where creditors and debtors as a group generate equal amounts to cover deferred charges, requires a minimum positive SDR interest rate to operate. The SDR interest rate has now fallen below that minimum level. This paper proposes technical amendments to Rule T-1 and the burden sharing mechanism to address these issues. In particular, the paper proposes setting a 5 basis point floor on the SDR interest rate, changing the rounding rules on the SDR interest rate and the burden sharing adjustment, and reducing the 1 basis point minimum of the burden sharing adjustment to 0.1 basis point. These measures would preserve a minimal capacity of equal burden sharing aimed at protecting the Fund’s balance sheet, while limiting potential departures of the SDR interest rate from market interest rates.

Review of the Method of Valuation of the SDR

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344011
Total Pages : 100 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Method of Valuation of the SDR by : International Monetary Fund

Download or read book Review of the Method of Valuation of the SDR written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-11-13 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides the basis for the quinquennial review of the method of valuation of the Special Drawing Right (SDR). The review considers the composition, size, and weighting of the SDR currency basket and the financial instruments used to determine the SDR interest rate. The analysis in this paper is guided by the informal discussion of Executive Directors in July on initial considerations for the review. In light of Directors’ preference, the two currency selection criteria for SDR inclusion are maintained. Since China continues to meet the export criterion, a key focus of this paper is on assessing whether the renminbi (RMB) could be determined to be a freely usable currency, which is the second criterion. The paper documents the rising international use and trading of the RMB since the 2010 SDR valuation review. A range of indicators suggests that use of the RMB in international transactions has risen substantially, albeit from a low base. The paper also finds that the RMB has become far more actively traded in foreign exchange markets, with sufficient depth to support operations of the size Fund members might undertake without an appreciable change in the exchange rate. Full Text also available in Chinese.

Explore Software Defined Radio

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Author :
Publisher : Pragmatic Bookshelf
ISBN 13 : 9781680507591
Total Pages : 100 pages
Book Rating : 4.5/5 (75 download)

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Book Synopsis Explore Software Defined Radio by : Wolfram Donat

Download or read book Explore Software Defined Radio written by Wolfram Donat and published by Pragmatic Bookshelf. This book was released on 2020-06-23 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you want to be able to receive satellite images using nothing but your computer, an old TV antenna, and a $20 USB stick? Now you can. At last, the technology exists to turn your computer into a super radio receiver, capable of tuning in to FM, shortwave, amateur "ham," and even satellite frequencies, around the world and above it. Listen to police, fire, and aircraft signals, both in the clear and encoded. And with the book's advanced antenna design, there's no limit to the signals you can receive. Combine your desktop or laptop computer with easy-to-find, Software Defined Radio (SDR) equipment, and tune in a wide range of signals in no time at all. Then, go one step further by converting a Raspberry Pi into your own dedicated SDR device. SDR USB dongles are usually designed to receive and decode high-definition digital television broadcasts, but the rising popularity of SDR has led to several of these devices being specifically made for - and marketed to - the software radio crowd. With step-by-step instructions, you'll have no problem getting everything up and running on both Windows and Linux. The antenna is the final piece in the SDR puzzle: Which antenna do you use? What shape do you need? How big does it have to be? And where do you point it? Get all the answers you need and learn what's possible when it comes to picking out or building an antenna. And if you're not particularly handy, don't worry. You can use an old-school set of rabbit ear antennas without too much modification. Discover the fun of this growing hobby and then open your ears to the hidden signals that surround you. What You Need: You will need a relatively recent computer or laptop, running either Windows or Ubuntu Linux. You can also use a Raspberry Pi. All of the software necessary is free and open-source, and the book describes in detail where to get it and how to install it, depending on your operating system.

Enhancing International Monetary Stability--A Role for the SDR?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498339484
Total Pages : 43 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Enhancing International Monetary Stability--A Role for the SDR? by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Enhancing International Monetary Stability--A Role for the SDR? written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2011-07-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform. To be sure, the term SDR has been used to refer to three different concepts—(i) a composite reserve asset created in 1969: the “official SDR” as defined in the Fund’s Articles; (ii) a potential new class of reserve assets: tradable SDRdenominated securities issued by the Fund or an investment vehicle backed by a subset of the Fund’s membership; and (iii) a unit of account, which could be used to price internationally traded assets (e.g., sovereign bonds) and goods (e.g., commodities), to peg currencies, and to report balance of payments data. All three are discussed in this paper.

Does the SDR System Generate Permanent Resource Transfers?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145197907X
Total Pages : 30 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Does the SDR System Generate Permanent Resource Transfers? by : International Monetary Fund

Download or read book Does the SDR System Generate Permanent Resource Transfers? written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-04-14 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes whether the SDR system generates permanent resource transfers—i.e., transfers of resources that do not involve equivalent quid pro quos. It is argued that SDR allocation only gives rise to permanent resource transfers if the SDR interest rate is uncompetitive or if holding SDRs is perceived to be risky, and that the use of SDRs gives rise to permanent resource transfers only if the SDR interest rate is uncompetitive. These conclusions are reconciled with the fact that SDR allocation can provide reserves to many countries at terms more favorable than the costs of borrowing or earning reserves.