The rule of law in monetary affairs

The rule of law in monetary affairs

by Thomas Cottier, Rosa María Lastra, Lucía Satragno, Christian Tietje

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"The global financial crisis and the 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"--

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