Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/126307 
Year of Publication: 
2015
Series/Report no.: 
WIDER Working Paper No. 2015/046
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
This paper proposes a reformed architecture of the international monetary system based on three pillars. The first is a representative apex organization, which can be understood as a transformation of the G-20 into a representative international institution. The second is the continuous reform of 'voice and participation' of developing countries in the Bretton Woods Institutions and global regulatory bodies. The third is the design of a 'dense', multi-layered architecture, with the active contribution of regional and sub-regional institutions, in a sense copying in this regard the denser architecture in place in the system of multilateral development banks.
Subjects: 
International Monetary Fund
Group of 20
IMF quotas and votes
regional financial institutions
JEL: 
F02
F33
Persistent Identifier of the first edition: 
ISBN: 
978-92-9230-935-0
Document Type: 
Working Paper

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