The Rule of Law in Monetary Affairs: World Trade Forum

Description

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.

Thomas Cottier is Managing Director of the World Trade Institute and Professor of European and International Economic Law at the University of Bern, Switzerland. Rosa M. Lastra is Professor in International Financial and Monetary Law at the Centre for Commercial Law Studies, Queen Mary, University of London. Christian Tietje is Professor of International Economic Law, Director Institute of Economic Law and Director of the Transnational Economic Law Research Center at the Law School, University Halle, Germany. Lucia Satragno is a Research Fellow at the World Trade Institute, University of Bern.