Legal Issues Regarding The Representation Of The Euro Area In The International Monetary Fund (IMF)

Maria Meng-Papantoni

doi:10.5771/1435-439X-2018-4-437

Contents
- Chapter Expand | CollapseAuthorsPage
- 405–406 Titelei/Inhaltsverzeichnis 405–406
- 407–408 The Professional Vita of Werner Meng Torsten Stein Torsten Stein 407–408
- 409–420 The Day After: Access to the Single Market in Times of Brexit, Equivalence and Extraterritoriality Michael Hahn Michael Hahn 409–420
- 421–436 The Changing Structure of International Trade Law Thomas Cottier Thomas Cottier 421–436
- 437–454 Legal Issues Regarding The Representation Of The Euro Area In The International Monetary Fund (IMF) Maria Meng-Papantoni Maria Meng-Papantoni 437–454
- 455–470 Freedom of Exporting in Germany – At the Discretion of Courts and Export Agency BAFA? Some recent developments Harald Hohmann Harald Hohmann 455–470
- 471–498 The Trade Wars of President Trump as a Threat to the Rule Of Law and to Constitutional Democracy Ernst-Ulrich Petersmann Ernst-Ulrich Petersmann 471–498
- 499–510 Small tensions: EU state aid and international investment law Marc Bungenberg Marc Bungenberg 499–510
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ZEuS Zeitschrift für Europarechtliche Studien , page 437 - 454

Legal Issues Regarding The Representation Of The Euro Area In The International Monetary Fund (IMF)

Autoren

Maria Meng-Papantoni

DOI
- doi.org/10.5771/1435-439X-2018-4-437
- ISSN: 1435-439X
- ISSN online: 2942-3589
Abstract

Almost 20 years following the introduction of the euro as the official currency of member countries of the euro area, representation thereof is still not unified in the International Monetary Fund (IMF). This paper analyses the interaction between the European Union’s rules on external representation at international organisations, based on the internal allocation of competences in view of the creation of the Economic and Monetary Union (EMU), and IMF rules laying down the regime governing its Members’ representation within it. It also brings up the existing representation of the EU/euro area at IMF bodies and presents its shortcomings. In 2015, the European Commission adopted a new proposal for a Council Decision laying down measures in view of progressively establishing unified representation of the euro area in the International Monetary Fund. This paper also examines institutional issues that arise, in order for euro area representation in the IMF to be unified. It looks into the question whether the euro area may become an IMF member, as well as into the inescapable issues that may ensue with regard to the aggregate quota of EMU members in the IMF and the number of seats that EMU Member States have at the IMF Executive Boards.
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