Front Matter Page
INTERNATIONAL MONETARY FUND
A New Quota Formula—Additional Considerations
Prepared by the Quotas and Voice Working Group1
Approved by David Burton
March 14, 2007
Contents
I. Introduction
II. Stocktaking
III. Variables
A. GDP Conversion
B. Population
C. Openness
D. Measures of Potential Demand for Fund Resources
E. Reserves
F. Financial Contributions
IV. Additional Scenarios
V. Issues for Discussion
Tables
1. Scenarios Using GDP Blends
2. Scenarios Using GDP Blends and Population
3. Investment Income as a Proxy for IIP—Shares in Global Totals
4. Financial Openness Variables
5. Simulated Quota Shares—Financial Openness
6. Intra-Currency Union Trade—Openness and Variability Shares and Results of Linear Formula
7. Countries Affected by Reserve Caps—Shares in Global Total
8. Linear Formulas—Scenarios with Capped Reserves
9. Linear Formulas—Scenarios Using Different Weights for GDP
10. Scenarios Using Various Compression Factors
Box
1. Financial Account Functional Categories
Front Matter Page
A New Quota Formula—Additional Considerations, Statistical Appendix, and Statement by the Managing Director, March 14, 2007
IMF documents cited in this report are available at www.imf.org
Front Matter Page
INTERNATIONAL MONETARY FUND
A New Quota Formula—Additional Considerations—Statistical Appendix
Prepared by the Finance Department
Approved by Michael G. Kuhn
March 14, 2007
Contents
Tables1
1a. Scenarios Using GDP Blends—by Member
2a. Scenarios Using GDP Blends and Population—by Member
3a. Investment Income as a Proxy for IIP—Shares in Global Totals—by Member
4a. Financial Openness Variables—by Member
5a. Simulated Quota Shares—Financial Openness—by Member
6a. Intra-Currency Union Trade—Openness and Variability Shares and Results of Linear Formula—by Member
8a. Linear Formulas—Scenarios with Capped Reserves—by Member
9a. Linear Formulas—Scenarios Using Different Weights for GDP—by Member
10a. Scenarios Using Various Compression Factors—by Member