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Reforming the IMF: some organizational and operational issues

Author

Listed:
  • H. ASKARI

    (George Washington University)

  • S. CHEBIL

    (World Bank)

Abstract

While financial crises during the 1990s have started a lively debate on IMF policies toward member countries, reform of the Fund's organisational structure and operations have been largely ignored. Improved organisation and operations would increase IMF efficiency and membership participation, which would in turn increase IMF effectiveness in enhancing global economic conditions. In this paper, a number of such issues--quotas, voting structure and decision making; executive board and ministerial committees; management structure and staff; political dimensions, transparency andcredibility--are assessed.

Suggested Citation

  • H. Askari & S. Chebil, 1999. "Reforming the IMF: some organizational and operational issues," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 52(211), pages 335-381.
    • Handle: RePEc:psl:bnlaqr:1999:41
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10545/10430
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    References listed on IDEAS

    as
    1. Walter B. Wriston, 1998. "Dumb Networks and Smart Capital," Cato Journal, Cato Journal, Cato Institute, vol. 17(3), Winter.
    2. Charles W. Calomiris, 1998. "The IMF's Imprudent Role As Lender of Last Resort," Cato Journal, Cato Journal, Cato Institute, vol. 17(3), pages 275-294, Winter.
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    Cited by:

    1. Nunnenkamp, Peter, 2002. "IWF und Weltbank: trotz aller Mängel weiterhin gebraucht?," Kiel Discussion Papers 388, Kiel Institute for the World Economy (IfW Kiel).
    2. Nunnenkamp, Peter, 2001. "Umbaupläne und Reparaturarbeiten an der internationalen Finanzarchitektur: eine Zwischenbilanz aus deutscher Perspektive," Kiel Working Papers 1078, Kiel Institute for the World Economy (IfW Kiel).

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    More about this item

    Keywords

    IMF; global economic conditions; financial crises;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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