Ann was wondering about this book:
Moore, B. (1988), Horizontalists and Verticalists: The Macroeconomics of Credit
Money. Cambridge, USA: Cambridge University Press.
A central theme is the relationship between credit and effective demand. On
pages 382 and 388 he explains that global demand is crucially dependent on
global credit creation and, whatever global credit is created, must be
apportioned equitably between rich and poor countries. (Not a book on SDRs.)
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