At the same time, the governance structure of multilateral institutions like the International Monetary Fund must be reformed, in order to bolster their legitimacy in emerging markets. Otherwise, these institutions will remain ineffective in confronting collective problems related to macroeconomic-policy spillovers, and in providing insurance against crises.
与此同时，IMF等多边机构的治理结构也必须有所改革，以增加它们在新兴市场的合法性。否则，这些机构将依然无法有效应对与宏观政策溢出有关的集体性问题和提供危机保险。