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Forum Section: EU Representation and the Governance of the International Monetary Fund

Author

Listed:
  • Géraldine Mahieu

    (European Commission, Belgium, geraldine.mahieu@cec.eu.int)

  • Dirk Ooms

    (National Bank of Belgium, Belgium, dirk.ooms@nbb.be)

  • Stéphane Rottier

    (International Monetary Fund, USA, srottier@imf.org)

Abstract

The introduction of the euro and closer coordination of economic policies in the European Union are fuelling a debate on Europe's representation in the international financial institutions. A single EU representation at the International Monetary Fund (IMF) would affect the balance of power in the institution through a fundamental reallocation of quotas and executive directors among its membership. A reduction in the number of European executive directors, and in the total voting power of Europe and in its contribution to the Fund's general resources, could go hand in hand with an increase in the Union's impact on IMF decision-making. Such a change would also weaken the cooperative nature of the Fund through a reduction in the number and impact of mixed constituencies.

Suggested Citation

  • Géraldine Mahieu & Dirk Ooms & Stéphane Rottier, 2005. "Forum Section: EU Representation and the Governance of the International Monetary Fund," European Union Politics, , vol. 6(4), pages 493-510, December.
    • Handle: RePEc:sae:eeupol:v:6:y:2005:i:4:p:493-510
    DOI: 10.1177/1465116505057820
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    References listed on IDEAS

    as
    1. Dennis Leech, 2002. "Voting Power in the Governance of the International Monetary Fund," Annals of Operations Research, Springer, vol. 109(1), pages 375-397, January.
    2. Jeffry A. Frieden, 2004. "One Europe, One Vote?," European Union Politics, , vol. 5(2), pages 261-276, June.
    3. Leech, Dennis, 2002. "Voting Power In The Governance Of The International Monetary Fund," Economic Research Papers 269354, University of Warwick - Department of Economics.
    4. Lorenzo Bini Smaghi, 2004. "A Single EU Seat in the IMF?," Journal of Common Market Studies, Wiley Blackwell, vol. 42(2), pages 229-248, June.
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