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EU Representation and the Governance of the International Monetary Fund
[journal article]
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 i... view more
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.... view less
Keywords
IMF; governance
Classification
European Politics
Economic Policy
Free Keywords
balance of power; European Union; voting power;
Document language
English
Publication Year
2005
Page/Pages
p. 493-510
Journal
European Union Politics, 6 (2005) 4
DOI
https://doi.org/10.1177/1465116505057820
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)