| Description |
1 online resource (23 pages) |
| Series |
IMF working paper ; WP/11/208 |
|
IMF working paper ; WP/11/208.
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; Introduction; 1. Global Economic Trends and Financial Crisis; 1. Trends in Real Economic Size of Large Countries relative to the USA; 2. Economic Size of Select Countries relative to USA; 2. IMF Mandate, Governance Principles and Quota Formula; A. Quota Formula: Incentive Compatibility; B. Principles of Global Governance; C. Quota Formula; D. Averaging of Variables; 3. Gross Domestic Product (GDP); A. GDP: PPP vs. MER; B. Past or Future; 3. GDP PPP/GDP MER as Predictor of Growth; C. The "Monetary" in IMF: GDP MER |
|
4. Contribution to World Growth1. Contribution to World Growth -- Absolute; 2. Contribution to World Growth -- Rank; 5. Openness in a Globalised World; A. Financial Openness: Post-crisis; B. Net Contribution to World Demand; 3. Net Contribution to Global Demand; 6. Voice and Representation; A. Board Representation; 7. Summary and Conclusions; A. Summary; 4. Gap between Quotas and Economic Reality; B. Conclusion; References; Footnotes |
| 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 |
| Notes |
At head of title: Executive Director |
|
Title from PDF title page (IMF Web site, viewed September 20, 2011) |
|
"July 2011." |
| Bibliography |
Includes bibliographical references |
| Subject |
International Monetary Fund.
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
International finance.
|
|
International cooperation.
|
|
International cooperation
|
|
International finance
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Office of the Executive Director, issuing body.
|
| ISBN |
1283551403 |
|
9781283551403 |
|
9781463902186 |
|
1463902182 |
|
9781463988708 |
|
1463988702 |
|
