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The rule of law in monetary affairs
Authors: --- --- ---
ISBN: 1316082962 1316056961 1316054594 1316080609 1316075877 1316078248 1316073505 1107479924 1107063639 1107687624 9781107479920 9781316073506 9781316078242 9781316075876 9781107687622 9781316082966 9781316056967 9781316054598 9781316080603 9781107063631 Year: 2014 Publisher: Cambridge, United Kingdom

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Abstract

The global financial crisis and subsequent sovereign debt crisis in Europe demonstrated that the relationship between law and economics in the design of the monetary system must be revisited. International monetary affairs are usually conducted via domestic monetary policies which are formulated by independent central banks and informed mainly by economics, without much room being left to substantive law. Based on the 2012 World Trade Forum, this volume brings together leading scholars, practitioners and policy makers in international economic law in order to examine the potential of law and legal methodology to contribute to international monetary stability. It explores the links between and lessons to be learnt from existing international investment and trading systems and studies some specific policy issues which have a direct impact on monetary affairs, such as exchange rate policy, sovereign debt, taxation, competitiveness, trade imbalances, austerity programmes and human rights.

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