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Members' voting power in the governance of the International Monetary Fund
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Leech, Dennis (2001) Members' voting power in the governance of the International Monetary Fund. Working Paper. Coventry: University of Warwick. Centre for the Study of Globalisation and Regionalisation. Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation) (No.68/).
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Official URL: http://www2.warwick.ac.uk/fac/soc/csgr/research/wo...
Abstract
This note shows that in the Sodrow-Miesowski-Wilson model, the Nash equilibrium in capital taxes depends on whether these taxes are unit (as assumed in the literature) or ad valorem (as in reality). In a symmetric version of the model with cobb-Douglas technology, public good provision is higher, and residents in both countries are better off, when countries compete in unit taxes.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HG Finance J Political Science > JZ International relations |
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Divisions: | Faculty of Social Sciences > Economics Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation |
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Library of Congress Subject Headings (LCSH): | International Monetary Fund, Corporate governance, Voting research, Keynesian economics, Power (Social sciences) | ||||
Series Name: | Working papers (University of Warwick. Centre for the Study of Globalisation and Regionalisation) | ||||
Publisher: | University of Warwick. Centre for the Study of Globalisation and Regionalisation | ||||
Place of Publication: | Coventry | ||||
Official Date: | February 2001 | ||||
Dates: |
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Number: | No.68/ | ||||
Number of Pages: | 29 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Funder: | University of Warwick. Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick. Dept. of Economics |
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