About this product

Product Identifiers

PublisherPeterson Institute for International Economics

ISBN-100881323985

ISBN-139780881323986

eBay Product ID (ePID)50939998

Product Key Features

Number of Pages124 Pages

LanguageEnglish

Publication NameStrategy for Imf Reform

Publication Year2006

SubjectIntergovernmental Organizations, International / Economics, Economics / Macroeconomics, Development / Economic Development, Money & Monetary Policy

TypeTextbook

Subject AreaPolitical Science, Business & Economics

AuthorEdwin Truman

SeriesPolicy Analyses in International Economics Ser.

FormatTrade Paperback

Dimensions

Item Height0.1 in

Item Weight2.2 Oz

Item Length0 in

Item Width0 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN2005-036413

TitleLeadingA

Grade FromCollege Graduate Student

Series Volume Number77

SynopsisThe International Monetary Fund (IMF) is in eclipse as the preeminent institution promoting international economic and financial stability. Successful reform of the IMF must engage the full spectrum of its members. The IMF should not focus primarily on its low-income members and the challenges of global poverty nor should it focus exclusively on international financial crises affecting a small group of vulnerable emerging-market economies. Instead, it must be engaged with each of its members potentially on the full range of their economic and financial policies and play a central role in shaping global economic performance. This important new book strongly argues that systemically important countries, starting with the Group of Seven, must support the IMF in this role. Its recommendations cover all key aspects of IMF responsibilities and operations: (1) In the crucial area of governance, the membership of the IMF should promptly address the reallocation of IMF shares (voting power) and the reallocation of chairs (representation on the IMF executive board), and it is time to discard the old conventions and to adopt a merit-based approach to the choice of the IMF's leadership; (2) mechanisms should be put in place to increase the IMF's leverage over systemically important members, and the IMF must act more forcefully in discharging its responsibility to exercise firm surveillance over members' exchange rate policies; (3) the Fund's central role in external financial crises should be reaffirmed; (4) the IMF should narrow and refocus its involvement with its low-income members; (5) the IMF's activities should be updated with respect to members' capital account policies and financial sectors; and (6) the IMF should put in place procedures for borrowing from the market to guard against the possibility that it will not receive timely increases in its quota resources.

LC Classification NumberHG3881.5.I58.T74