European Parliament Library

Global Economic Governance :, IMF Quota Reform, Arvind Virmani

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
Table Of 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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
Form Of Item

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