Český finanční a účetní časopis 2010(3):6-18 | DOI: 10.18267/j.cfuc.72

Reform of the International Monetary Fund Is Necessary

Jana Marková
Doc. Ing. Jana Marková, CSc. - docentka; Katedra měnové teorie a politiky, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <markovaj@vse.cz>.

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.
JEL classification: F33

Published: October 1, 2010  Show citation

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Marková, J. (2010). Reform of the International Monetary Fund Is Necessary. Czech Financial and Accounting Journal, 2010(3), 6-18. doi: 10.18267/j.cfuc.72
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