01883cas a2200253 a 4500 AALejournalIMF004645 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451865332 1018-5941 BD-DhAAL BD-DhAAL Mirakhor, Abbas. Rethinking the Governance of the International Monetary Fund / Abbas Mirakhor, Iqbal Zaidi. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support. Following John Rawls, we argue that "justice is the first virtue of social institutions," and we use his theory of justice to provide a method for understanding what should be the case, in the context of voice and voting shares, before international institutions, such as the IMF, are to be justifiable to their members. The implementation of this process suggests, among other things, that a major revision of the quota formulas is long overdue, and leaving this unaddressed raises serious questions regarding the IMF's governance which could develop into a core mission risk and jeopardize the relevance of the institution. Mode of access: Internet Zaidi, Iqbal. IMF Working Papers; Working Paper ; No. 2006/273 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/273/001.2006.issue-273-en.xml IMF e-Library