[DOWNLOAD] ~ Necessary Reform? the IMF and International Financial Architecture (Rethinking Finance) (International Monetary Fund) ~ by Harvard International Review ~ Book PDF Kindle ePub Free
eBook details
- Title: Necessary Reform? the IMF and International Financial Architecture (Rethinking Finance) (International Monetary Fund)
- Author : Harvard International Review
- Release Date : January 01, 2009
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 265 KB
Description
The most salient issue of those concerned with the international financial architecture back in mid-2007 was "governance," in particular governance of the International Monetary Fund (IMF). This involved, among other things, the selection of future Managing Directors (by convention since 1946 always a European), representation on the Executive Board (which is responsible for the operating decisions of the IMF), and voting rights, which were based on out-dated formulae. The "legitimacy" of the IMF was said to be in doubt. This concern with governance was against a backdrop of excellent performance of the world economy since 2002, high and widespread growth, and low inflation but rising commodity prices, which helped exporters of primary products. The IMF had made no significant loans since 2003, many countries had repaid their outstanding debts to the IMF (down from US$107 billion in 2003 to US$15 billion in 2007), and with low interest income the IMF was anticipating difficulty in meeting its normal operating expenses. [ILLUSTRATION OMITTED]
 (International Monetary Fund) ~ by Harvard International Review ~ Book PDF Kindle ePub Free){kind=link}
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