LAWS 3604 Lecture Notes - Lecture 6: Speculative Attack, Exchange Rate, Neoliberalism
22 Nov 2017
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4. 5% in the grid of bilateral base rates: world bank groups, 189 member states are shareholders are represented by a board of governors. Generally, the board consists of the countries ministers of finance or ministers of development. Rapkin and strand reading: the imf has been a site of disagreement between rich and poor countries over how national preferences are to be aggregated for purposes of making and implementing collective decisions. The formulas have adapted since bretton woods but there is no rational provided in regards to the variables included and excluded. There are over 50 categories that require special majorities. Decisions regarding policy and operations require a 75-85% majority while housekeeping matters are decided on the basis of simple majorities: the board of governors and the executive body conduct decision making in the. Imf: board of governors, compromised of a representative from each member.
