| Description |
1 online resource |
| Series |
SpringerBriefs in law |
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SpringerBriefs in law.
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| Contents |
Preface; Contents; 1 Interdisciplinary Introduction to Money and Currencies; 1.1 History of Money; 1.1.1 What Is Money?; 1.1.2 Historical Development of Money; 1.2 Monetary Policy Basics; 1.2.1 Two-Tier Mixed Monetary System; 1.2.2 Monetary Aggregates; 1.2.3 Monetary Policy and Policy Instruments; 1.2.4 Currencies; 1.2.5 Monetary Policy and Fiscal Policy; 1.3 Money and the Law; References; 2 Monetary Sovereignty and History of International Monetary Law; 2.1 Monetary Sovereignty under Public International Law; 2.1.1 The General Principle of Sovereignty; 2.1.1.1 Content of the Principle |
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2.1.1.2 Historical and Theoretical Development of the Principle2.1.2 Monetary Sovereignty; 2.1.2.1 Content; 2.1.2.2 Erosion of the Principle; 2.2 History of International Monetary Law; 2.2.1 Gold Standard; 2.2.2 The Creation of the Bank for International Settlements (BIS); 2.2.3 The Establishment of the IMF; 2.2.4 The IMF's Development; 2.2.4.1 The Collapse of the Par Value System; 2.2.4.2 Second Amendment to the IMF Articles of Agreement; 2.2.4.3 Further Amendments; References; 3 Fundamental Legal Problems of International Monetary Relations; 3.1 Lack of a Universal Currency |
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3.2 Convertibility3.3 Exchange-Rate Systems; 3.4 Free Movement of Capital; 3.5 International Liquidity; 3.6 The Trilemma of Monetary Policy; References; 4 The International Monetary Constitution: The IMF Articles of Agreement-Institutional Design and Decision-Making; 4.1 Institutional Design; 4.1.1 The IMF within the International Setting; 4.1.2 The Legal Framework of the IMF; 4.1.3 Institutional Design; 4.2 Decision-Making Procedures/Processes; References; 5 The International Monetary Constitution: The IMF Articles of Agreement-Substantive Legal Obligations; 5.1 Convertibility |
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5.2 Exchange-Rate Regimes5.3 IMF Surveillance; 5.4 Technical Assistance; References; 6 IMF Lending (Financial Assistance); 6.1 Financial Architecture and IMF Resources; 6.1.1 Financial Architecture; 6.1.2 Financial Resources; 6.2 Types of IMF Facilities; 6.2.1 Non-concessional Financing; 6.2.2 Concessional Financing; 6.3 Modalities of and Access to IMF Facilities; 6.3.1 Access Limitations; 6.3.2 Modalities of IMF Facilities; 6.3.3 Conditionality; 6.3.3.1 The Legal Base for Conditionality; 6.3.3.2 The Rationale and Critique of Conditionality; 6.3.3.3 Conditionality in Practice |
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6.4 Crisis Management6.5 The IMF and Currency Unions; 6.5.1 IMF Membership; 6.5.2 The IMF and Currency Unions in Practice; References; 7 History of European Monetary Law; 7.1 The Historical Development of the European Monetary Constitution; 7.1.1 First Initiatives of Multilateral Monetary Cooperation in Europe; 7.1.1.1 The European Payments Union; 7.1.1.2 The EEC Treaty; 7.1.2 Monetary Implications of the European Integration Process; 7.1.3 The Evolution of the European Economic and Monetary Union; 7.1.3.1 The Werner Report; 7.1.3.2 The 'Snake in the Tunnel' |
| Summary |
This book introduces the fundamental monetary law problems of cross-border economic activity and the solutions thereto in international monetary law, and in EU law. After decades of having been neglected by legal scholars, international and European monetary law has attracted increasing attention in recent years. With the European Economic and Monetary Union (EMU), a full-fledged monetary union between sovereign States has been established for the first time in history. Its construction is primarily a work of law, with the Treaties on European Union (TEU) and on the Functioning of the European Union (TFEU) together with a number of protocols forming the constitutional basis. Yet, European monetary Integration has never taken place in isolation from international developments. Moreover, international monetary law, namely the Articles of Agreement of the International Monetary Fund (IMF) has always played a role - initially as the external monetary addition to the internal market project, after the breakdown of the Bretton Woods System in the 1970s as one of the major driving forces for monetary Integration within the EU. On a fundamental basis, international and European monetary law address the same principled problems of monetary cooperation: how to proceed with financial transactions cross-border where no global currency exists. The present work describes the different approaches and relations and interplay between the two legal regimes |
| Bibliography |
Includes bibliographical references |
| Subject |
Money -- Law and legislation.
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Money -- Law and legislation -- Europe
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International economic & trade law.
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International law.
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International economics.
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Macroeconomics.
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LAW -- Military.
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Money -- Law and legislation
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International Monetary Fund.
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European Union.
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European Economic and Monetary Union.
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Monetary policy.
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International economic relations.
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Europe
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| Form |
Electronic book
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| Author |
Dornacher, Corinna
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| ISBN |
3319576429 |
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9783319576428 |
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3319576410 |
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9783319576411 |
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