Members' Voting Power in the Governance of the International Monetary Fund

In general in an organization whose system of governance involves weighted voting, a member's weight in terms of the number of votes and the formal power it represents differ. Power indices provide a means of analyzing this difference. The paper uses new algorithms for computing power indices for large games.

[1]  Martin Shubik,et al.  A Method for Evaluating the Distribution of Power in a Committee System , 1954, American Political Science Review.

[2]  J. Lane,et al.  Relevance of Voting Power , 1999 .

[3]  Matthias Sutter,et al.  Fair Allocation and Re-Weighting of Votes and Voting Power in the EU before and after the Next Enlargement , 2000 .

[4]  George Tsebelis,et al.  An institutional critique of intergovernmentalism , 1996, International Organization.

[5]  Hannu Nurmi,et al.  The Problem of the Right Distribution of Voting Power , 1981 .

[6]  Dennis Leech,et al.  Power Relations in the International Monetary Fund: A Study of the Political Economy of a Priori Voting Power Using the Theory of Simple Games , 1997 .

[7]  L. Penrose.  The Elementary Statistics of Majority Voting , 1946 .

[8]  D. Leech.  An Empirical Comparison of the Performance of Classical Power Indices , 2002 .

[9]  D. Felsenthal,et al.  Enlargement of the EU and weighted voting in its council of ministers , 2000 .

[10]  Sadako Ogata.  Shifting Power Relations in Multilateral Development Banks , 1989 .

[11]  P. Straffin.  Power and stability in politics , 1994 .

[12]  A. Laruelle,et al.  Is the allocation of voting power among EU states fair? , 1998 .

[13]  Dan S. Felsenthal,et al.  The measurement of voting power , 1998 .

[14]  D. Felsenthal,et al.  The Measurement of Voting Power: Theory and Practice, Problems and Paradoxes , 1998 .

[15]  Dennis Leech,et al.  Computing Classical Power Indices For Large Finite Voting Games , 2000 .

[16]  William F. Lucas,et al.  Measuring Power in Weighted Voting Systems , 1983 .

[17]  Stephen Zamora,et al.  Voting in International Economic Organizations , 1980 .

[18]  Robert Lekachman,et al.  The Collected Writings of John Maynard Keynes , 1973 .