Consolidation of the EU Representation at the IMF

Abstract

Following the Five Presidents’ Report in October 2015, the European Commission set up the objective to move to a single euro-area chair at the IMF. The article focuses on assessing the effectiveness of this objective. In this context it assesses the IMF governance and the current development of the coordinaton of the EU Member States. Then the article carries out a voting power analysis of the euro-area constituency in several alternative scenarios. The article concludes that a more effective option would be to spread the euro-area member states into several constituencies rather than keeping them all in one constituency.

Keywords

• IMF
• EU
• voting power analysis
• voting shares
• reform of the governance of the IMF
• consolidation of the EU representation at the IMF