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UKRAINE’S MONETARY POLICY UNDER MARTIAL LAW
The relevance of the research is due to the change in the monetary policy regime of the National Bank of Ukraine (NBU), which consists in the transition from inflation targeting with a floating exchange rate to a fixed exchange rate as the nominal anchor
Dmytro Khokhych +2 more
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Alternative digital currencies in international monetary law: Global stablecoins [PDF]
Alternative digital currencies were created to correct the shortcomings of the so-called first generation of cryptocurrencies. Their impact on the monetary order stability, systemic risk, and monetary policy strategy pursued by the Central Bank has been ...
Dimitrijević Marko
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Monetary credibility as a social value in the contemporary monetary law and central banking law [PDF]
The subject matter of analysis in this paper is the concept of monetary credibility and its important place in the normative framework of contemporary monetary law.
Dimitrijević Marko
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Hidden Blemish in European Law: Judgements on Unconventional Monetary Programmes [PDF]
This article studies the hidden blemishes of two benchmark rulings of the European Court of Justice (ECJ). In 2015 and 2018, the ECJ approved two unconventional monetary instruments, among others ‘Outright Monetary Transactions’ and the ‘Public Sector ...
Bodo Herzog
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"Innocent Frauds Meet Goodhart's Law in Monetary Policy" [PDF]
This paper discusses recent UK monetary policies as instances of John Kenneth Galbraith's "innocent fraud," including the idea that money is a thing rather than a relationship, the fallacy of composition (i.e., that what is possible for one bank is ...
Dirk Bezemer, Geoffrey Gardiner
core +5 more sources
International Financial and Monetary Law [PDF]
Abstract This book studies the international monetary and financial system from a legal perspective. The new edition has been renamed to reflect the book's breadth of coverage, which includes an in-depth study of central banking, a fresh look at supervision, regulation and crisis management after the global financial crisis and updated ...
José Carlos Laguna de Paz
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Monetary law and the modern reality
Monetary law and the modern reality.
Eliahu Hirschberg, M. Phil
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Monetary law and contemporary problems
Monetary law and contemporary ...
Eliahu Hirschberg
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Monetary policy and the rule of law. [PDF]
The translation of legal independence into actual independence is primarily determined by the rule of law. Inspired by the economic growth literature, where the role of institutions already is incorporated, we introduce Institutional Quality Indicators that can be used as reasonable proxies for the rule of law in a country.
Eijffinger, S.C.W., Stadhouders, P.
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MONETARY POLICY TARGETS UNDER MARTIAL LAW
Introduction. Monetary policy is the main tool for maintaining economic development and macro-financial stability, but martial law causes a sharp disruption of traditional economic mechanisms, which causes market shocks and contributes to inflation. Therefore, the central bank must balance between supporting the economy and controlling inflation.
Олександр Дзюблюк
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