Format:
X, 138 Seiten
ISBN:
9783319576411
Series Statement:
SpringerBriefs in Law
Content:
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 -- 2.1.1.2 Historical and Theoretical Development of the Principle -- 2.1.2 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 -- 3.2 Convertibility -- 3.3 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
Content:
5.2 Exchange-Rate Regimes -- 5.3 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 -- 6.4 Crisis Management -- 6.5 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' -- 7.1.3.3 The European Monetary Cooperation Fund -- 7.1.3.4 The European Monetary System -- 7.1.3.5 The Delors Report -- 7.1.3.6 The Maastricht Treaty -- References -- 8 The Legal Framework of EMU post Lisbon-Institutional Setup -- 8.1 ESCB and ECB -- 8.1.1 Institutional Design -- 8.1.2 Eurosystem Objectives and Tasks -- 8.1.3 ESCB Decision-Making -- 8.1.4 Central Bank Independence -- 8.2 ECOFIN Council and Eurogroup -- 8.3 Commission -- 8.4 Economic and Financial Committee -- References -- 9 The Substantive Legal Foundations of EMU post Lisbon -- 9.1 Basic Features of EMU -- 9.2 Membership and Territorial Scope of the Euro Area: Ins and Outs
Content:
9.2.1 Convergence Criteria -- 9.2.2 Procedure -- 9.2.3 The Exception: "Outs" -- 9.2.4 Relationship Between Ins and Outs -- 9.2.5 Termination of Membership -- 9.3 The Euro as Legal Tender -- 9.3.1 Legal Tender Status and Issuance of Banknotes and Coins -- 9.3.2 Regulations Introducing the Euro -- 9.3.3 The Euro in Third Countries -- 9.4 Free Movement of Capital and Payments -- 9.4.1 Reasons for the Liberalization -- 9.4.2 Content and Scope of the Freedom -- 9.4.2.1 General Freedom -- 9.4.2.2 Exceptions -- References -- 10 The Monetary Policy of EMU -- 10.1 Legal Foundations and Limits -- 10.1.1 What is Monetary Policy and How Does it Work? -- 10.1.2 The Eurosystem's Monetary Policy Mandate -- References -- 11 Economic Policy Coordination in EMU -- 11.1 The Case for Economic Policy Coordination in EMU -- 11.1.1 Primary Law Foundations of Economic Policy Coordination -- 11.1.1.1 Coordination ('Positive Integration') -- 11.1.1.2 Prohibitions ('Negative Integration') -- 11.1.1.3 Emergency Assistance and Liability Clause -- 11.1.2 Secondary Law -- 11.1.2.1 The Stability and Growth Pact (SGP) -- 11.1.2.2 Six-Pack and Two-Pack -- 11.1.3 Extra-Union Law Measures -- 11.1.3.1 TSCG -- References -- 12 The External Relations of EMU -- 12.1 The Acting Institutions/Entities -- 12.1.1 The Division of Competence -- 12.1.2 The Doctrine of Parallelism -- 12.1.3 Judicial Review -- 12.2 Exchange-Rate Policy of EMU -- 12.2.1 Objective of Exchange-Rate Policy -- 12.2.2 Formal Exchange-Rate Arrangements (Art. 219 (1) TFEU) -- 12.2.3 Floating Exchange-Rates (Art. 219 (2) TFEU) -- 12.2.4 Agreements Concerning Monetary or Foreign Exchange Regime Matters (Art. 219 (3) TFEU) -- 12.2.5 Tasks of the ECB (Art. 127 (2) TFEU) -- 12.3 International Relations of EMU -- References -- 13 EMU and the Sovereign Debt Crisis-Legal Aspects of Financial Assistance for Member States
Content:
13.1 Evolution of a Crisis -- 13.2 Measures of Member States -- 13.2.1 Measures Based on Extra-Union Law -- 13.2.1.1 Bilateral Loans -- 13.2.1.2 European Financial Stability Facility (EFSF) -- 13.2.1.3 European Stability Mechanism (ESM) -- 13.2.2 Measures Based on EU Law -- 13.2.2.1 European Financial Stabilization Mechanism (EFSM) -- 13.3 Legal Assessment -- References -- 14 EMU and the Sovereign Debt Crisis-Legal Aspects of Monetary Policy Responses and the Banking Union -- 14.1 The Monetary Policy Reactions to the Crisis -- 14.2 Non-standard Monetary Policy Measures -- 14.2.1 Enhanced Credit Support -- 14.2.2 Qualitative Easing -- 14.2.3 Structural Open Market Operations -- 14.2.3.1 Asset Purchase Programmes -- 14.2.3.2 The Securities Market Programme -- 14.2.3.3 The Outright Monetary Transactions Programme -- 14.2.3.4 Quantitative Easing -- 14.3 Legal Assessment -- 14.4 Banking Union -- References
Additional Edition:
ISBN 9783319576428
Additional Edition:
Erscheint auch als Online-Ausgabe Herrmann, Christoph, 1973 - International and European Monetary Law Cham : Springer, 2017 ISBN 9783319576428
Language:
English
Subjects:
Law
Keywords:
Internationales Währungssystem
;
Internationales Recht
;
Europäische Union
;
Währungsunion
Author information:
Herrmann, Christoph 1973-
Bookmarklink
