Reform of the International Monetary Fund Is Necessary

Reforma Mezinárodního měnového fondu je nevyhnutelná

Jana Marková

Český finanční a účetní časopis, 2010, vol. 2010, issue 3, 6-18

Abstract: Submitted paper dealswith International Monetary Fund that plays crucial role in international monetary system and by its activities contributes to achievement of international monetary stability. Except characterization of main principles, targets and mechanism of functioning of this institution an attention is especially paid to ongoing reform of member's quotas and to the problems that are going with it. These problems reflect lack of a political will of developed countries to give up its dominance in this institution. The paper further consists in suggested reform steps that are needed to realize in the interest of an increase of IMF's transparency and as a prerequisite of effective performance of the task going with world economy globalization.

Keywords: Bretton-Woods monetary system; IMF reform; Member's quotas; Bretton-Woodský měnový systém; reforma MMF; členské kvóty (search for similar items in EconPapers)
JEL-codes: F33 (search for similar items in EconPapers)
Date: 2010
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DOI: 10.18267/j.cfuc.72

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