Danielle Lecavalier is Research Advisor in the International Economic Analysis Department. Her primary interests include broad issues and risks related to the global economy. She obtained her Masters in Economics from the Université de Montréal.
Given the rapid and ongoing integration of the global economy, the International Monetary Fund needs to renew its role, governance structure, and functions if it is to maintain its relevance as the institution charged with promoting global financial stability. Lecavalier and Santor examine the areas of possible reform, including quota, voice, and representation; internal governance; surveillance; lending instruments; finances; and the Fund's role in low-income countries. They also review current Bank of Canada research that supports these reform efforts, including an integrated framework for IMF surveillance recently developed at the Bank.Topics: International topics