An appropriate governance structure is critical for the smooth and optimal functioning of the Fund. Best practices require that the structure provides a clear division of responsibilities and an effective system of checks and balances with investment decisions based on professionalism in a clear line structure.
References Bayoumi T. and A. Swiston (2007), Foreign Entanglements: Estimating the Source and Size of Spillovers Across Industrial Countries, IMF Working Paper 07/182. Calza A. and S. Dées (2007), The Euro Area in the Global Economy: Its Sensitivity to the International Environment and Its Influence on Global Economic Developments, in Di Mauro and Anderton (eds.