Marco Giuli - Research Fellow, Madariaga - College of Europe Foundation
Madariaga Paper, Vol. 4, No. 8 (Jun., 2011)
This paper aims at presenting a summary of the recent reforms of the International Monetary Fund of 2006, 2008, and 2010 with reference to governance, distribution of quotas and voting rights, surveillance, and lending policy. Despite a welcome shift in terms of quota shares and voting rights, the current reform is far from substantial in terms of the adoption of new paradigms, limiting itself to sealing a power shift from the G7 to the G20, without establishing a role for the IMF in terms of governance of a transition to a different international monetary system.
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