The Resource A strategy for imf reform, Edwin M. Truman, (electronic resource)

A strategy for imf reform, Edwin M. Truman, (electronic resource)

Label
A strategy for imf reform
Title
A strategy for imf reform
Statement of responsibility
Edwin M. Truman
Creator
Contributor
Subject
Language
eng
Summary
The 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
Cataloging source
RECBK
Dewey number
332.152
Index
no index present
Literary form
unknown
Nature of contents
dictionaries
Label
A strategy for imf reform, Edwin M. Truman, (electronic resource)
Publication
Antecedent source
unknown
http://library.link/vocab/branchCode
  • net
Color
multicolored
Control code
ocn965981963
Dimensions
unknown
Extent
1 online resource
File format
unknown
Form of item
online
Isbn
9780881324679
Level of compression
unknown
Publisher number
EB00690688
Quality assurance targets
not applicable
http://library.link/vocab/recordID
.b35966191
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)965981963
  • pebcs0881324671

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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