Reforming the governance of the IMF and the World Bank / edited by Ariel Buira (Record no. 231408)

MARC details
000 -LEADER
fixed length control field 03190nam a2200217Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20220509172536.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 97818433121116
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.152 REF
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Buira, Ariel (ed.)
245 #0 - TITLE STATEMENT
Title Reforming the governance of the IMF and the World Bank / edited by Ariel Buira
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Anthen press
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2005
300 ## - PHYSICAL DESCRIPTION
Extent 308 p.
365 ## - TRADE PRICE
Price amount 9000
365 ## - TRADE PRICE
Unit of pricing RS
520 ## - SUMMARY, ETC.
Summary, etc. Sixty years after their creation, the Bretton Woods institutions face a crisis of legitimacy that impairs their credibility and effectiveness. At the roots of this crisis lies the unrepresentative nature of their structure of governance, which places control of the institutions in the hands of a small group of industrial countries that do not use its resources. Developing countries and economies in transition are considered to be minor partners, despite accounting for half of the world's output in real terms, most of the world's population and encompassing the most dynamic economies and the largest holders of international reserves. The quota formulas should reflect the size of the economies of members, i.e. their GDP, their exposure to trade and capital movements as well as their ability to contribute to the Fund. If IMF quotas were based on objective measures, i.e. size of GDP, the volatility of receipts, the adjustment of European quotas for intra-trade and trade in a single currency in the euro area, the quota share of developing countries and economies in transition as a group should be no less than that of industrial countries. Reality has outpaced the evolution of thinking on the subject of governance. The growing breach between world economic and financial realities and the governance structure of the Bretton Woods institutions argues for reforms to increase the effectiveness and restore the legitimacy of these institutions. As debtors, the European countries had resisted conditionality during the first decades of the IMF and favoured increasing Fund resources, but as their situation changed, they no longer resorted to IMF support and they changed their position. Similar problems appear in the World Bank, giving rise to large negative flows of resources from the developing countries. The papers included in this book cover different aspects of the governance of the Bretton Woods institutions. They explore different options for reform and show that enhancing the participation of developing and emerging market countries in resolving the major monetary and financial problems confronting the world economy, would improve global economic performance and contribute to the elimination of world poverty. The papers included in this book cover different aspects of the governance of the Bretton Woods institutions. They explore different options for reform and show that enhancing the participation of developing and emerging market countries in resolving the major monetary and financial problems confronting the world economy, would improve global economic performance and contribute to the elimination of world poverty.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element World bank
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Cost, normal purchase price Total checkouts Full call number Barcode Date last seen Cost, replacement price Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library   2020-02-08 9000.00   332.152 REF 148226 2020-02-08 9000.00 2020-02-08 Books

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