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Inclusion Of Blocking Power For A Complete Voting Power Analysis In The Imf, Shiwani Varal
Inclusion Of Blocking Power For A Complete Voting Power Analysis In The Imf, Shiwani Varal
Senior Independent Study Theses
The International Monetary Fund (IMF) calculates the voting power of a country by dividing the total of one member's votes by the total of all members' votes. This method of calculating the power of a state judges power as voting weight. However, voting weights are the total number of votes a country has in an institution, while voting power is the influence a country has on a policy decision. A better approach to calculate this voting power within an institution is by using voting power indices. However, literature only calculates the winning power, while voting power is defined as the …