Reforming the Governance of the IMF and the World Bank

A radical and comprehensive review of the practices of governance within one of the world's most important and influential organizations.

List of Contributors; Foreword; 1. Introduction; 2. The Bretton Woods Institutions: Governance without Legitimacy?; 3. Reforming the International Monetary Fund: Towards Enhanced Accountability and Legitimacy; 4. Improving IMF Governance and Increasing the Influence of Developing Countries in IMF Decision-Making; 5. Issues on IMF Governance and Represenation: An Evaluation of Alternative Options; 6. Making the IMF and the World Bank More Accountable; 7. Purchasing Power Parities and Comparisons of GDP in IMF Quota Calculations; 8. Measuring Vulnerability: Capital Flows Volatility in the Quota Formula; 9. Enhancing the Voice of Developing Countries in The World Bank: Selective Double Majority Voting and a Pilot Phase Approach; 10. Voting Power Implications of a Double Majority Voting Procedure in the IMF's Executive Board; 11. Power versus Weight in IMF Governance: The Possible Beneficial Implications of a United European Bloc Vote; 12. Changing IMF Quotas: The Role of the United States Congress