IDEAS home Printed from https://ideas.repec.org/p/iie/pbrief/pb14-9.html
   My bibliography  Save this paper

IMF Reform Is Waiting on the United States

Author

Listed:
  • Edwin M. Truman

    (Peterson Institute for International Economics)

Abstract

The failure in mid-January by the US Congress to approve IMF reform legislation halted progress on Fund governance and damaged the US reputation around the world. If the IMF is to benefit strong and troubled economies alike, the administration and the Congress must make every effort to pass this legislation before the early-April meeting of the International Monetary and Financial Committee (IMFC). The reform legislation is designed to strengthen the IMF without the need to authorize additional funding, and there is no economic, financial, or political downside for the United States. The main issue before the US Congress is to ensure that the institution is credible in the eyes of all regions and countries. US formal approval is the only thing standing in the way of its implementation.

Suggested Citation

  • Edwin M. Truman, 2014. "IMF Reform Is Waiting on the United States," Policy Briefs PB14-9, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb14-9
    as

    Download full text from publisher

    File URL: https://www.piie.com/publications/policy-briefs/imf-reform-waiting-united-states
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. International Monetary Fund, 2010. "Greece: Request for Stand-By Arrangement," IMF Staff Country Reports 2010/111, International Monetary Fund.
    2. International Monetary Fund, 2010. "Greece: Staff Report on Request for Stand-By Arrangement," IMF Staff Country Reports 2010/110, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wade, Robert H. & Vestergaard, Jakob, 2015. "Why is the IMF at an impasse, and what can be done about it?," LSE Research Online Documents on Economics 64106, London School of Economics and Political Science, LSE Library.
    2. Cheng, Gong, 2015. "The Global Financial Safety Net through the Prism of G20 Summits," MPRA Paper 68070, University Library of Munich, Germany, revised Nov 2015.
    3. Peter Drysdale & Adam Triggs & Jiao Wang, 2017. "China's New Role in the International Financial Architecture," Asian Economic Policy Review, Japan Center for Economic Research, vol. 12(2), pages 258-277, July.

    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. Chirwa, Themba G & Odhiambo, Nicholas M., 2018. "The determinants of public debt in the Euro area: A panel ARDL approach," Working Papers 23509, University of South Africa, Department of Economics.
    2. Anders Aslund, 2014. "Revisiting the Latvian and Greek Financial Crises: The Benefits of Front-Loading Fiscal Adjustment," CASE Network Studies and Analyses 0477, CASE-Center for Social and Economic Research.
    3. Anastasopoulos, Alexia, 2018. "Testing for financial contagion: New evidence from the Greek crisis and yuan devaluation," Research in International Business and Finance, Elsevier, vol. 45(C), pages 499-511.
    4. Michalis Nikiforos & Dimitri B. Papadimitriou & Gennaro Zezza, 2015. "The Greek public debt problem [The Greek public debt problem]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 25(spe), pages 777-802, December.
    5. Barbara Fritz & Sebastian Dullien & Laurissa Muehlich, 2015. "The IMF to the Rescue: Did the Euro Area benefit from the Fund’s Experience in Crisis fighting?," Competence Centre on Money, Trade, Finance and Development 1601, Hochschule fuer Technik und Wirtschaft, Berlin.
    6. Andreas E. Fousteris & Eleni A. Didaskalou & Markos-Marios H. Tsogas & Dimitrios A. Georgakellos, 2018. "The Environmental Strategy of Businesses as an Option under Recession in Greece," Sustainability, MDPI, vol. 10(12), pages 1-19, November.
    7. Bodo Herzog, 2021. "Hidden Blemish in European Law: Judgements on Unconventional Monetary Programmes," Laws, MDPI, vol. 10(2), pages 1-13, March.
    8. Panayiotis Alexakis & Gikas Hardouvelis & Dean Paxson & Gordon Sick & Lenos Trigeorgis, 2018. "Greek Sovereign Debt: Addressing Economic Distress and Growth in the Euro Area," Multinational Finance Journal, Multinational Finance Journal, vol. 22(1-2), pages 1-33, March - J.
    9. Schrader, Klaus & Laaser, Claus-Friedrich, 2012. "Die Krise in Südeuropa oder die Angst vor dem Dominoeffekt: Griechenland, Portugal und Spanien im Krisentest," Kiel Discussion Papers 500/501, Kiel Institute for the World Economy (IfW Kiel).
    10. Leventi, Chrysa & Matsaganis, Manos & Flevotomou, Maria, 2013. "Distributional implications of tax evasion and the crisis in Greece," EUROMOD Working Papers EM17/13, EUROMOD at the Institute for Social and Economic Research.
    11. Mislav Brkic, 2016. "Greek Sovereign Debt Crisis: Causes, Fiscal Adjustment Programs and Lessons for Croatia," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 18(1), pages 71-99, June.
    12. Eric M. Leeper, 2010. "Monetary science, fiscal alchemy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 361-434.
    13. Yannis M. Ioannides, 2015. "Why Productivity Enhancing Reforms Will Help Greece Exit the Crisis and Usher in Long Run Growth," Discussion Papers Series, Department of Economics, Tufts University 0807, Department of Economics, Tufts University.
    14. Matsaganis Manos & Leventi Chrysa, 2011. "Pathways to a Universal Basic Pension in Greece," Basic Income Studies, De Gruyter, vol. 6(1), pages 1-20, October.
    15. Michalis Nikiforos & Dimitri B. Papadimitriou & Gennaro Zezza, 2015. "The Greek Public Debt Problem," Economics Policy Note Archive 15-2, Levy Economics Institute.
    16. Demir, Firat, 2022. "IMF conditionality, export structure and economic complexity:The ineffectiveness of structural adjustment programs," Journal of Comparative Economics, Elsevier, vol. 50(3), pages 750-767.
    17. Gikas A. Hardouvelis & Ioannis Gkionis, 2016. "A Decade Long Economic Crisis: Cyprus versus Greece," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 10(2), pages 3-40, December.

    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:pb14-9. 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.