IDEAS home Printed from https://ideas.repec.org/p/iie/pbrief/pb13-7.html
   My bibliography  Save this paper

The Congress Should Support IMF Governance Reform to Help Stabilize the World Economy

Author

Listed:
  • Edwin M. Truman

    (Peterson Institute for International Economics)

Abstract

The International Monetary Fund (IMF) continues to play an indispensable role in stabilizing the world economy and financial system, but it will need assistance (particularly from the US Congress) if it is to continue to help troubled and strong countries alike. US leadership has been crucial in promoting reform of the IMF. Legislation is now before the Congress to cement recent reform agreements. That legislation will strengthen the IMF without the need to authorize one additional dime of the taxpayers' money and with no economic, financial, or political downside for the United States.

Suggested Citation

  • Edwin M. Truman, 2013. "The Congress Should Support IMF Governance Reform to Help Stabilize the World Economy," Policy Briefs PB13-7, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb13-7
    as

    Download full text from publisher

    File URL: https://www.piie.com/publications/policy-briefs/congress-should-support-imf-governance-reform-help-stabilize-world
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. John Williamson, 2009. "Understanding Special Drawing Rights (SDRs)," Policy Briefs PB09-11, Peterson Institute for International Economics.
    2. Edwin M. Truman, 2006. "Strategy for IMF Reform, A," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa77, April.
    3. Richard N. Cooper & Edwin M. Truman, 2007. "The IMF Quota Formula: Linchpin of Fund Reform," Policy Briefs PB07-1, Peterson Institute for International Economics.
    4. C. Randall Henning, 2009. "US Interests and the International Monetary Fund," Policy Briefs PB09-12, Peterson Institute for International Economics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. C. Randall Henning, 2009. "US Interests and the International Monetary Fund," Policy Briefs PB09-12, Peterson Institute for International Economics.
    2. xavier Ragot & Francois Le Grand, 2018. "Sovereign Default and Liquidity: The Case for a World Safe," 2018 Meeting Papers 889, Society for Economic Dynamics.
    3. Ocampo, José Antonio, 2014. "The provision of global liquidity: The global reserve system," WIDER Working Paper Series 141, World Institute for Development Economic Research (UNU-WIDER).
    4. Le Grand, François & Ragot, Xavier, 2021. "Sovereign default and liquidity: The case for a world safe asset," Journal of International Economics, Elsevier, vol. 131(C).
    5. Suominen Kati, 2010. "Insuring Against Instability: United States and the Future of the International Monetary Fund," Global Economy Journal, De Gruyter, vol. 10(3), pages 1-23, October.
    6. Michał Jurek, 2009. "Propozycje modyfikacji mechanizmu wyznaczania kwot krajów członkowskich Międzynarodowego Funduszu Walutowego," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 89-113.
    7. Yiping Huang & Daili Wang & Gang Fan, 2014. "Paths to a Reserve Currency : Internationalization of the Renminbi and Its Implications," Macroeconomics Working Papers 24165, East Asian Bureau of Economic Research.
    8. Lücke, Matthias, 2009. "IMF reform in the aftermath of the global financial crisis: Let the IMF speak truth to power," Open Access Publications from Kiel Institute for the World Economy 32949, Kiel Institute for the World Economy (IfW Kiel).
    9. Masahiro Kawai & Peter A. Petri, 2010. "Asia’s Role in the Global Financial Architecture," Working Papers id:2958, eSocialSciences.
    10. Guido Montani, 2011. "Money and Finance as Global Public Goods," SAGE Open, , vol. 1(3), pages 21582440114, October.
    11. Garry J. Schinasi & Edwin M. Truman, 2010. "Reform of the Global Financial Architecture," Working Paper Series WP10-14, Peterson Institute for International Economics.
    12. Alex Bowen, 2011. "Raising climate finance to support developing country action: some economic considerations," Climate Policy, Taylor & Francis Journals, vol. 11(3), pages 1020-1036, May.
    13. Masahiro Kawai & Peter A. Petri, 2014. "Asia'S Role In The Global Economic Architecture," Contemporary Economic Policy, Western Economic Association International, vol. 32(1), pages 230-245, January.
    14. José Antonio Ocampo, 2014. "The Provision of Global Liquidity: The Global Reserve System," WIDER Working Paper Series wp-2014-141, World Institute for Development Economic Research (UNU-WIDER).
    15. George Hoguet & Solomon Tadesse, 2011. "The role of SDR-denominated securities in official and private portfolios," BIS Papers chapters, in: Bank for International Settlements (ed.), Portfolio and risk management for central banks and sovereign wealth funds, volume 58, pages 165-186, Bank for International Settlements.
    16. Eric Santor, 2006. "Governance and the IMF: Does the Fund Follow Corporate Best Practice?," Staff Working Papers 06-32, Bank of Canada.
    17. repec:hal:spmain:info:hdl:2441/3jhmd4ib388m99gnolvi8klga2 is not listed on IDEAS
    18. Azar R. Hasanli, 2020. "Global Liquidity Challenges of the International Monetary System," Proceedings of the 17th International RAIS Conference, June 1-2, 2020 032ah, Research Association for Interdisciplinary Studies.
    19. José Antonio Ocampo, 2017. "Resetting the International Monetary (Non)System," Books, Red Investigadores de Economía, number 2017-11, March.
    20. Graham Bird, 2007. "The Imf: A Bird'S Eye View Of Its Role And Operations," Journal of Economic Surveys, Wiley Blackwell, vol. 21(4), pages 683-745, September.
    21. Bessma Momani, 2007. "IMF staff: Missing link in fund reform proposals," The Review of International Organizations, Springer, vol. 2(1), pages 39-57, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iie:pbrief:pb13-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peterson Institute webmaster (email available below). General contact details of provider: https://edirc.repec.org/data/iieeeus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.