Alternative Quota Formulas - Considerations PDF Download

Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1498328555
Category : Business & Economics
Languages : en
Pages : 82

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Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498330134
Category : Business & Economics
Languages : en
Pages : 32

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Book Description
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Author: Inter-Secretariat Working Group on National Accounts
Publisher: International Monetary Fund
ISBN: 1498333702
Category : Business & Economics
Languages : en
Pages : 85

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Book Description
An informal Executive Board seminar in December 2006 made an important start in the development of a new quota formula.2 The discussion was wide ranging, raising a number of important issues that need to be considered further in the development of a formula that can achieve the objectives of the quota reform and command the required broad support within the membership. This paper seeks to provide a basis for a second discussion, including by exploring issues raised at the December meeting. The paper also provides further simulations based on a wider range of assumptions regarding possible variables and their weights, as requested by many Directors. As with the last paper, it should be emphasized that this paper does not seek to propose any particular formula and that all the simulations presented should be seen as illustrative and as merely an aid to discussion. Nevertheless, it is hoped that the discussion of this paper will help lay the groundwork for beginning to narrow options and moving toward formulation of a specific proposal in the coming months. The paper does not address the size of the second round ad hoc quota increases. This question, which is closely linked to the magnitude of the increase in basic votes, will be taken up at a later stage once the discussion of the formula is more advanced.

Author: Inter-Secretariat Working Group on National Accounts
Publisher: International Monetary Fund
ISBN: 149833198X
Category : Business & Economics
Languages : en
Pages : 69

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The Board of Governors in a Resolution adopted on September 18 requested that the Executive Board reach agreement on a new quota formula, starting discussions soon after the Annual Meetings in Singapore. According to the Resolution, this work should be completed by the Annual Meetings in 2007, and no later than the IMFC Meeting in the Spring of 2008. The Resolution states that the new formula should provide a simpler and more transparent means of capturing members’ relative positions in the world economy. This new formula would provide the basis for a second round of ad hoc quota increases, as part of the program of quota and voice reform to be completed by the Annual Meetings in 2007, and no later than by the Annual Meetings of 2008. This paper explores key issues related to a new quota formula as background for an informal Board seminar. This seminar is the first opportunity for the Board to discuss the new formula since the adoption of the Resolution. The paper first reviews the broad considerations and principles that should guide the design of a new quota formula, taking as a starting point the roles of quotas in the Fund. The paper also considers more specific issues in that light, such as the selection of variables and possible functional forms for the new formula. In examining these issues, the paper draws on the extensive discussion of the quota formulas in recent years, taking up questions raised both within the Board and in other fora.

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1513571206
Category : Business & Economics
Languages : en
Pages : 234

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Book Description
This paper provides background for an initial discussion under the Fifteenth General Review of Quotas (15th Review) in line with the work plan agreed by the Executive Board. It discusses issues related to further reforms of the quota formula and realigning quota shares, based on updated quota data through 2015. A companion paper, to be discussed separately, will address issues related to the size of the Fund and mix of quota and borrowed resources. Both these papers seek to facilitate initial discussions on some of the key issues for the 15th Review. No proposals are made at this stage, recognizing that further deliberations will be needed before the issues under discussion can begin to be narrowed down.

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498335659
Category : Business & Economics
Languages : en
Pages : 97

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Book Description
In its April 2009 Communiqué, the IMFC called for a prompt start to the Fourteenth General Review of Quotas so that it is completed by January 2011--some two years ahead of schedule. The IMFC noted that the review is expected to result in increases in the quota shares of dynamic economies, particularly in the share of emerging market and developing countries as a whole. The IMFC also looked forward to further work by the Executive Board on elements of the new quota formula that can be improved before the formula is used again, and noted that this work should start before the 2009 Annual Meetings.

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498345360
Category : Business & Economics
Languages : en
Pages : 85

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Book Description
The quota database has been updated by one year through 2014. Overall, the results of the update continue the broad trends observed in previous updates, but the shifts between the main country groups are generally smaller. Using the current quota formula, the calculated quota share of Emerging Market and Developing Countries (EMDCs) as a group increases by 0.6 percentage points relative to the 2015 update to 49.3 percent, which is about half the increase in the last update. The paper takes stock of recent discussions on the quota formula, including the outcome of the Quota Formula Review in 2013 and subsequent discussions in the context of the annual quota data updates. It also updates the illustrative simulations of possible reforms of the quota formula presented previously, using the latest data. These simulations have sought to capture possible reforms that would be broadly in line with the conclusions of the Quota Formula Review and Directors’ guidance is sought on the relative merits of these reforms and the most productive areas for future work. Download Quota Data: Updated IMF Quota Formula Variables - September 2016

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498339646
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
The Executive Board has held three formal meetings on the quota formula review, and discussions have also taken place in other fora including the IMFC Deputies work stream and the G-20 IFA Working Group. Considerable progress has been made in terms of identifying areas of common ground as well as those areas where views differ. At their most recent meeting in late September, Directors reaffirmed their commitment to completing the review by January 2013, and stressed that achieving this goal will require constructive engagement and a spirit of flexibility and compromise from all sides. At its subsequent meeting in Tokyo, the IMFC called on the membership to develop the consensus needed through further engagement of the Executive Board, with input from the IMFC Deputies, to complete the review by January 2013.

Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498331130
Category : Business & Economics
Languages : en
Pages : 55

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Book Description
This paper takes stock of the progress made in quota discussions to date, and examines options for adjustments in quotas or voting power outside of a general quota increase. Section II reviews the status of recent quota discussions, while Section III presents the results of updating the data through 2003. Section IV discusses the options for addressing the distribution of quotas and voting power outside of a general increase in quotas. Section V concludes and poses some issues for discussion.

Author: Ayse Kaya
Publisher: Cambridge University Press
ISBN: 1107120942
Category : Business & Economics
Languages : en
Pages : 299

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Book Description
Ayse Kaya analyses the relationship between states' economic power and their political power in key multilateral economic institutions.