9781107479920 (ebook) 9781107063631 (hardback) 9781107687622 (paperback)
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.
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Formatted Contents Note
The role of law in monetary affairs : taking stock / Christian Tietje The international monetary and financial architecture some institutional aspects / Mario Giovanoli The role of central banks in monetary affairs : a comparative perspective / Rosa M. Lastra Monetary union and the law : some comments / Jean-Victor Louis Global governance of international competitiveness spillovers / Bernard Hoekman Global benchmark interest rates : conflicting objectives and increasing hybridization / Claus D. Zimmermann Credit rating agencies : regulation and financial stability / Iain Macneil Monitoring and surveillance at the international monetary system : what can be learnt from the trade field? / Nadia Rendak The impact of sovereign debt on EU monetary affairs / Annamaria Viterbo Taxation in times of austerity : a question of political economy / Isabel Feichtner Towards an equitable integration of monetary and financial matters, trade and sustainable development / Robert Howse Trade imbalances and multilateral trade cooperation / Juan Marchetti, Michele Ruta and Robert Teh The WTO dispute settlement mechanism in matters involving exchanges rates and trade / Gabrielle Z. Marceau and John J. Maughan Monetary affairs in the WTO trade policy review / Mathias Kende The potential of law and legal methodology in monetary affairs / Thomas Cottier and Lucía Satragno Framework of analysis : towards multilayered governance in monetary affairs / Ernst-Ulrich Petersmann Transparency and monetary affairs / Christine Kaufmann and Rolf H. Weber Human rights and austerity programmes / Markus Krajewski International economic law and macro-prudential regulation / Kern Alexander Relationship between monetary policy and exchange rate policy / François Gianviti Monetary policy measures in investment law : the uneasy relationship between monetary stability and investment protection / Federico Lupo Pasini.