I understand that IMF is currently contemplating printing money via new allocation of SDR, and thereby attempting to help increase global liquidity in period after covid. What impact, if any, can large amount of such allocations have on currencies of various member countries? What if this amount was larger?
For example - (a) Will printing more SDR and distributing in world means indirectly more USD has been printed as SDR has about 40% USD. Will this devalue dollar?
(b) Will this inflate economies globally? Does it have disproportionate impact on inflation in economies whose currencies are in SDR basket?