Global Economic Governance: IMF Quota Reform
AbstractThe paper examines the principles on which a reform of a Quota based global economic institution like the IMF must be based, taking account of both the relative economic power of countries and the need for voice and representation of the poor countries. These principles are then used in the context of the global economic realities of the 21st century to examine the suitability of different variables in the IMF.s Quota formula. Based on this analysis a simple transparent formula is suggested, which will help increase the credibility and legitimacy of the IMF as a global macroeconomic and financial institution.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 11/208.
Date of creation: 01 Aug 2011
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Other versions of this item:
- Arvind Virmani, 2012. "Global economic governance: IMF quota reform," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 5(2), pages 260-280, October.
- NEP-ALL-2011-09-22 (All new papers)
- NEP-CWA-2011-09-22 (Central & Western Asia)
- NEP-MAC-2011-09-22 (Macroeconomics)
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- Richard N. Cooper & Edwin M. Truman, 2007. "The IMF Quota Formula: Linchpin of Fund Reform," Policy Briefs PB07-1, Peterson Institute for International Economics.
- repec:tru:umkeip:2012:v3:p:13-30 is not listed on IDEAS
- Dorota ¯uchowska, 2012. "The evolution of the contemporary international monetary system – integration or disintegration?," Ekonomia i Prawo, Wydawnictwo Naukowe Uniwersytetu Mikolaja Kopernika, vol. 3, pages 13-30.
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