Interview with Michel Camdessus (Paris, 8 October 2015) — Excerpt: The reform of the international monetary system and special drawing rights

In this interview excerpt, Michel Camdessus, Director of the Treasury in the French Ministry of Finance and Economic Affairs from 1982 to 1984, Governor of the Banque de France from 1984 to 1987 and Managing Director of the International Monetary Fund (IMF) from 1987 to 2000, describes the introduction and workings of special drawing rights (SDRs) and explains how they were used following the global financial crisis in 2007–2008. He also describes the Palais Royal Initiative in 2010, which resulted in 18 proposals for a reform of the international monetary system.

Source and copyright

Source: Interview de Michel Camdessus / MICHEL CAMDESSUS, Elena Danescu, prise de vue et prise de son: Alexandre Germain.- Paris: CVCE [Prod.], 08.10.2015. CVCE, Sanem. - VIDEO (00:09:41, Couleur, Son original).

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