|International Banking, Economics, and Finance Association|
Founded in 1972, IBEFA (formerly NAEFA) is a non-profit, international, scholarly organization dedicated to the study of banking, economic, and financial issues in countries and across the global economy and financial markets.
Constitution and ByLaws
CONSTITUTION AND NAME
Section 1. The name of this Association shall be the International Banking, Economics, and Finance Association. Its acronym shall be IBEFA.
Section 2. The Association is a non-governmental, international, global in interest, autonomous, scientific organization open to academicians and practitioners with interest in the study of banking, economics, financial economics, financial markets, and financial issues.
Section 3. The Association is non-political and shall not sponsor nor collaborate with the activities of political organizations. The work of its Members shall be oriented for peaceful scientific purposes. Members shall, of course, be free to express political opinion, but they shall avoid bringing the name of the Association into any political controversy.
Section 4. The Association shall operate as a not-for-profit organization and shall be subject to the laws and jurisdictions of its host countries.
Section 5. The period of IBEFA’s existence shall be perpetual. In the event that there is a merger between IBEFA and another association or if IBEFA acquires or is acquired by another association, or in any way IBEFA ceases to exist as a separate organization, the terms of such action (including the disposition of IBEFA’s assets) shall be determined by the Executive Committee.
Section 6. The Association may be located in any of the countries of residence of its Members. The Association shall register in those countries as a not-for-profit organization. The location of the headquarters of the Association shall be determined by the Executive Committee and shall be maintained by the Executive Director.
Section 7. The official languages of the Association shall be English, French, and Spanish. Its activities will be conducted mainly in English.
OBJECTIVES OF THE ASSOCIATION
Section 1. To study banking, economic, and financial issues in countries and across the global economy and financial markets.
Section 2. To provide a framework for the exchange of scholarly research and ideas among its Members.
Section 3. To promote individual and collective research dealing with the purposes of this Association.
Section 4. To foster friendly relationships and collaborations with other economic and finance professional associations throughout the world.
Section 5. To encourage and reinforce academic exchange on economics, economic policy, and financial markets between institutions of higher education, research centers, and other institutions devoted to those fields.
Section 6. To provide economic and policy analyses for academic or business development and to improve policy making by government.
Section 1. The Officers of the Association and their respective terms shall be:
Section 2. The duties of the Officers are as follows:
Section 1. The affairs of the Association shall be managed by the Executive Committee, within the framework of the Constitution and By-Laws of IBEFA.
Section 2. Members of the Executive Committee shall include:
Section 4. The Executive Committee shall meet – subject to call by the President and Chairman – at least once annually. Special meetings may be called by the President and Chairman of the Executive Committee.
Section 5. The President and Chairman plus five other Members of the Executive Committee (a minimum of six) will constitute a quorum. If there is a tie vote at any Executive Committee meeting, the final decision will be made by the President.
Section 6. Candidates for Vice President shall have (1) well established reputations for research and policy analysis, (2) been members of the Association for at least two years, and (3) have presented at least one paper in the prior three years at IBEFA sessions at the ASSA winter, WEA summer meetings, or any other IBEFA-sponsored meetings approved by the Executive Committee.
Section 7. The Program-Chair Elect nominee shall be chosen from the current Vice Presidents of the Association unless the Executive Committee, by a two-thirds vote, determines there is no suitable candidate for Program-Chair Elect among the current Vice Presidents. If no current Vice President is willing or deemed suitable to serve, the nominee or nominees for Program-Chair Elect shall be selected by the members of the Executive Committee.
Section 1. The President shall have power to appoint such Special Committees as he or she considers necessary for the functioning of the Association. Such Committees must be approved by the Executive Committee.
Section 1. Membership shall be open to any person (or institution) provided that:
Section 2. The IBEFA Membership shall be divided into the following classes:
Section 3. Each Member is eligible to attend the Annual Meeting, subject to payment of the Registration Fee. Each Member is entitled to receive all Calls for Papers and reports of the Association, provided Membership dues have been paid.
Section 1. Dues shall be reviewed at least annually by the Executive Committee. Any proposed changes shall be approved by the Committee and presented to the Membership at the next Annual Business Meeting.
Section 2. Payment of dues entitles individuals to membership privileges for a period of one year.
Section 3. To be eligible to present a paper at any of IBEFA's Academic Meetings or Activities, Membership dues must be paid-up. However, Co-authors presenting papers with Members, or Special Guests invited by the Program Chairman or President, may be exempted from this requirement.
BUSINESS MEETINGS AND VOTING
Section 1. The Association shall hold an Annual Business Meeting. At the Meeting, Members shall be informed of the activities carried out during the year. They shall vote as prescribed in this Constitution and By-Laws for Officers and on any issue submitted for consideration at the Meeting.
Section 2. The Annual Business Meeting shall be held in conjunction with the Annual Academic Meeting of the Association. A Business Meeting of the Membership of the Association may be held at other times if authorized by the Executive Committee.
Section 3. Each Member may cast one ballot for the election of Officers and on such other issues as the Executive Committee may choose to submit to a vote, or on matters brought for consideration from the floor or Membership at-large. Each Member present at the Annual Meeting is entitled to vote on all issues presented to the Meeting for action. No proposal that would change the Constitution or By-Laws can be brought for a vote without prior consideration by the Executive Committee.
Section 4. A quorum for the Annual Business Meeting shall consist of the Members in good standing present at such Meeting.
Section 5. The Membership, by voting at the Annual Business Meeting, shall have the authority to take such steps as are appropriate to further the objectives of the Association, providing that nothing is done which is inconsistent with this Constitution and the By-Laws.
Section 6. Upon a formal vote of the Executive Committee, any business matter relating to the Association may be submitted to the Membership for a vote by Mail or Electronic means. However, notice and explanations for the action must be sent to the Membership at least 30 days prior to the vote.
Section 7. This Constitution and By-Laws may be amended by a two-thirds vote of eligible Members at any Annual Business Meeting or through a Special Mail or Electronic Ballot. But notice of the proposed change and the reason for it shall be sent to the Membership at least 30 days prior to the date on which the vote is to occur.
Section 8. The Business Meetings of the Association as well as those of its Executive Committee and activities of its Officers shall conform to the Norms set forth in Robert's Rules of Order, latest edition.
Section l. Members may present papers, which deal with the purposes of the Association, at Meetings organized by it as well as at panels, sessions, or workshops sponsored by the Association at the meetings of other economic and finance professional organizations. The Coordinators for these activities shall be named by the President with the approval of the Executive Committee.
Section 2. The Association shall hold Meetings as follows:
Section 3. The Association may collaborate in organizing sessions, panels, or workshops for the Meetings of other economic and finance associations.
Section 4. The Association may engage in such other activities as the Executive Committee may determine, provided such activities are relevant to its purposes and are not inconsistent with this Constitution and By-Laws.
Section l. The Association may foster the publication of papers presented at its various academic activities to the extent approved by the Executive Committee.
Section 2. The Association shall encourage and reinforce the publishing efforts of its Members.
APPROVAL OF CONSTITUTION AND ADOPTION OF AMENDMENTS
Constitution Approved, December 29, 1983, at the Annual Business Meeting held at San Francisco, California, U.S.A., Presided over by Edgar Ortiz, Secretary-Treasurer.
Amended Constitution, Approved December 29, 1985, at the Annual Business Meeting held in New York, New York, U.S.A., Presided over by Walton T. Wilford, President.
Amended Constitution, Approved December 28, 1987, at the Annual Business Meeting held in Chicago, Illinois, U.S.A., Presided over by Rodrigue Tremblay, President.
Amended Constitution, Approved January 8, 2005, at the Annual Business Meeting held in Philadelphia, Pennsylvania, U.S.A. Presided over by Allen Sinai, President.
Amended Constitution, Approved March 5, 2008, via Special Electronic Ballot originating in Dallas, Texas, U.S.A. Presided over by Harvey Rosenblum, Executive Director.
Amended Constitution, Approved January 4, 2009, at the Annual Business Meeting held in San Francisco, California, U.S.A. Presided over by Wayne Passmore, President.
Amended Constitution, Approved January 8, 2011, at the Annual Business Meeting held in Denver, Colorado, U.S.A. Presided over by Liliana Rojas-Suarez, President.
Amended Constitution, Approved January 4, 2015, at the Annual Business Meeting held in Boston, Massachusetts, U.S.A. Presided over by Alistair Milne, President.
Amended Constitution, Approved January 6, 2017, at the Annual Business Meeting held in Chicago, Illinois, U.S.A. Presided over by Jose Lopez, President.
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