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dc.contributor.authorHead, John W.
dc.date.accessioned2011-05-02T23:59:11Z
dc.date.available2011-05-02T23:59:11Z
dc.date.issued1993
dc.identifier.citationJohn W. Head, Suspension of Debtor Countries' Voting Rights in the IMF: An Assessment of the Third Amendment to the IMF Charter, 33 Virginia Journal of International Law 591-646 (1993).
dc.identifier.urihttp://hdl.handle.net/1808/7456
dc.description.abstractTwo conclusions emerge from an examination of the Third Amendment to the IMF Charter, which was approved in 1992 to introduce a new form of sanction against countries failing to repay the IMF. First, going to the effort of formally amending the IMF Charter was preferable as a legal matter to suggesting that the IMF has an implied power to suspend a member country's voting rights. Hence the IMF could not have legally imposed such a suspension without an amendment to its charter. Second, the Third Amendment was, from a different perspective, neither necessary nor wise. Adding the threat of suspension to the various forms of rebuke already at the disposal of the IMF seems unlikely to persuade recalcitrant countries to clear their arrears to the IMF. Nor does the new suspension power offer any means of overcoming the deeper economic and political problems that underlie those arrears. In short, the Third Amendment represents only a reaction to the problem of growing arrears to the IMF, not a solution to it.
dc.language.isoen_US
dc.publisherUniversity of Virginia School of Law
dc.relation.hasversionhttp://ssrn.com/abstract=1325474
dc.subjectInternational monetary fund
dc.subjectIMF
dc.subjectInternational law
dc.subjectInternational organizations
dc.subjectNorth-south tensions
dc.subjectGlobal economy
dc.titleSuspension of Debtor Countries' Voting Rights in the IMF: An Assessment of the Third Amendment to the IMF Charter
dc.typeArticle
kusw.kuauthorHead, John W.
kusw.kudepartmentLaw
kusw.oastatusfullparticipation
kusw.oaversionScholarly/refereed, publisher version
kusw.oapolicyThis item meets KU Open Access policy criteria.
dc.rights.accessrightsopenAccess


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