02015cas a2200241 a 4500 AALejournalIMF010599 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451930863 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 5 No. 2. Washington, D.C. : International Monetary Fund, 1956. 1 online resource (180 pages) IMF Staff 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 The purpose of this paper is to describe the role and the operating significance of IMF quotas. Each member of the IMF has a quota, the functions of which are threefold. These functions are interrelated, but the attempt to find a series of figures that would effectively perform all these functions for each member necessitated a large amount of compromise in the determination of quotas. A quota determines the subscription or contribution of each member to the capital of the IMF; and the total of the quotas of all members determines the size of the IMF's financial resources. Each member is required to pay to the IMF of its quota in gold, and the balance in its own currency. Apart from any retained profits or accumulated losses, quotas directly determine the total assets of the IMF. Assets can be increased only by admitting new members or by increasing the quotas of existing members, though the Fund may under prescribed conditions increase the funds at its disposal by borrowing. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1956/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/1956/002/024.1956.issue-002-en.xml IMF e-Library