Home  Journals  Finance and Credit  27(363) – 2009 July

Dominants for IMF’s reform in the context of global financial regulatory framework transformation

Available online: 17 September 2009

Subject Heading: Financial system

JEL Classification: 

Key areas for reforming IMF (harmonization of standards for national and international regulatory institutions, strengthening the legitimacy of multilateral coordination mechanisms, achieving efficiency of financial facilities) have been formulated by world community regarding a new global financial regulatory framework so as to adapt to a new monetary and financial architecture and make it capable to maintain market stability. The first dominant for IMF’s reform is defined as quote and voice revision in order to increase the legitimacy of decision making mechanism and to transfer to the “balanced representation”. The second dominant – modification of IMF income model through broader Investment Mandate and administrative cost reduction is appropriate to make its funds sufficient to provide traditional and introduce new financial facilities. The third – review of IMF’s lending rules as to strengthen competencies of “lender of last resort”.

Keywords: framework, international, standard, national, authority, quota, reform, model

View all articles of issue

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3 March 2024

Archive