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Global Economic Governance IMF Quota Reform

The 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...

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Bibliographic Details
Main Author: Virmani, Arvind
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Working Papers
Subjects:
Financial Crises
Foreign Exchange
Financial Risk Management
Purchasing Power Parity
Economic & Financial Crises & Disasters
Long-term Capital Movements
Exports And Imports
International Economics
Exchange Rates
Capital Movements
Balance Of Payments
Market Exchange Rates
International Monetary Arrangements And Institutions
Currency
Capital Flows
International Investment
India
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The 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
Physical Description:22 pages
ISBN:9781463902186

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