목차
Title page 1
Contents 1
EXECUTIVE SUMMARY 1
1. INTRODUCTION 2
2. A WORLD ORDER IN TURMOIL 2
2.1. The United States 3
2.2. China 4
3. ADJUSTING TO RISING POWERS: THE CASE OF THE IMF 5
3.1. The IMF's Governance Framework: Quotas, Voting Power, and Legitimacy 5
3.2. The 9th Review: Dealing with Japan's Rise 5
3.3. The "Quota and Voice" Reform and the 14th Review: Coping with a Legitimacy Crisis and Getting the Buy-in from Emerging Markets 10
3.4. The 15th Review: From Buy-in to Containment 16
CONCLUSION 18
REFERENCES 18
Tables 6
TABLE 1. QUOTA SHARES OF THE 5 LARGEST SHAREHOLDERS BEFORE AND AFTER THE 9TH REVIEW 6
TABLE 2. RANKING OF COUNTRIES ACCORDING TO THEIR QUOTA AND VOTING SHARES 12
TABLE 3. TIMELINE OF THE GENERAL REVIEWS OF QUOTAS 16
Figures 7
FIGURE 1. IMPACT OF THE 9TH REVIEW ON OUT-OF-LINENESS 7
FIGURE 2. KOREA'S OUT-OF-LINENESS 10
FIGURE 3. OUT-OF-LINENESS OF THE 4 LARGELY UNDERREPRESENTED COUNTRIES IN THE MID-2000S 11
FIGURE 4. OUT-OF-LINENESS IN THE AFTERMATH OF THE QUOTA AND VOICE REFORM AND THE 14TH REVIEW 14
