A Quarter of a Century of the Czech Republic's Membership in the International Monetary Fund

Čtvrt století našeho členství v Mezinárodním měnovém fondu

Jana Marková

Acta Oeconomica Pragensia, 2015, vol. 2015, issue 6, 75-91

Abstract: The aim of this paper is to provide information on the current standing of the Czech Republic in the International Monetary Fund (IMF) with respect to its role as one of the main institutions that tries to solve contemporary problems of world economy on the one hand, and the problems of the IMF itself on the other hand. The paper focuses on individual phases of the country's membership since 1990, when the Czech Republic joined the IMF. It provides information on both reasons for and forms of financial and technical help that the Czech Republic has utilised until now, and the help that the Czech Republic has provided to weaker members of the International Monetary Fund. Also, the paper analyses the quota reform and the IMF governance and their impact on the Czech Republic's standing within the institution. It draws attention to a rising foreign exchange exposure of the Czech Republic to the IMF that originates from both an increase in membership quotas and extending of loans to other members. Naturally, the paper also analyses the increased risk of the loans that have been provided.

Keywords: International Monetary Fund; constituency; member quota reform; IMF governance (search for similar items in EconPapers)
JEL-codes: E42 F33 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.18267/j.aop.493

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