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Weighted voting on the IMF Managing Director

Author

Listed:
  • Alexander Mayer

    (University of Bayreuth)

  • Stefan Napel

    (University of Bayreuth)

Abstract

Executive Directors of the International Monetary Fund elect the Fund’s Managing Director from a shortlist of three candidates; financial quotas of IMF members define the respective numbers of votes. The implied a priori distribution of success (preference satisfaction) is compared across different electoral procedures. The USA’s Executive Director can expect to come closer to its top preference under plurality rule than for pairwise majority comparisons or plurality with a runoff; opposite applies to everybody else. Differences of US success between voting rules dominate the within-rule differences between most other Directors, and much of the latest reform of quotas.

Suggested Citation

  • Alexander Mayer & Stefan Napel, 2020. "Weighted voting on the IMF Managing Director," Economics of Governance, Springer, vol. 21(3), pages 237-244, September.
    • Handle: RePEc:spr:ecogov:v:21:y:2020:i:3:d:10.1007_s10101-020-00240-9
    DOI: 10.1007/s10101-020-00240-9
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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. Annick Laruelle & Federico Valenciano, 2005. "Assessing success and decisiveness in voting situations," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 24(1), pages 171-197, January.
    3. Federico Valenciano & Annick Laruelle & Ricardo Martínez, 2004. "Success Versus Decisiveness: Conceptual Discussion And Case Study," Working Papers. Serie AD 2004-30, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    4. J. Alonso-Meijide & C. Bowles, 2005. "Generating Functions for Coalitional Power Indices: An Application to the IMF," Annals of Operations Research, Springer, vol. 137(1), pages 21-44, July.
    5. Dennis Leech, 2003. "Computing Power Indices for Large Voting Games," Management Science, INFORMS, vol. 49(6), pages 831-837, June.
    6. Leech, Dennis, 2002. "Voting Power In The Governance Of The International Monetary Fund," Economic Research Papers 269354, University of Warwick - Department of Economics.
    7. Annick Laruelle & Ricardo Martınez & Federico Valenciano, 2006. "Success Versus Decisiveness," Journal of Theoretical Politics, , vol. 18(2), pages 185-205, April.
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    Cited by:

    1. Alexander Mayer & Stefan Napel, 2021. "Weighted Scoring Committees," Games, MDPI, vol. 12(4), pages 1-17, December.

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