Results 211 to 220 of about 1,572 (260)
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2020
Dans un monde toujours plus numérique, les émetteurs privés de monnaies numériques risquent d’entraver la capacité des banques centrales à stabiliser l’économie. En maintenant l’attractivité des monnaies de banque centrale parmi les instruments de paiement de l’ère numérique, la monnaie de banque centrale numérique pourrait aider à préserver la ...
Diez de los Rios, Antonio, Zhu, Yu
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Dans un monde toujours plus numérique, les émetteurs privés de monnaies numériques risquent d’entraver la capacité des banques centrales à stabiliser l’économie. En maintenant l’attractivité des monnaies de banque centrale parmi les instruments de paiement de l’ère numérique, la monnaie de banque centrale numérique pourrait aider à préserver la ...
Diez de los Rios, Antonio, Zhu, Yu
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The Euro and Monetary Sovereignty
2023Abstract This chapter assesses the effect of the euro on monetary sovereignty. The process of monetary union has, without question, resulted in the transfer of national monetary sovereignty from Member States to entities subsisting within the framework of the Treaties.
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Revisiting the Monetary Sovereignty Rationale for CBDCs
2021As currently articulated, the monetary sovereignty argument for central bank digital currencies (CBDCs) rests on the idea that without them, private and foreign digital monies could displace domestic currencies (a process called currency substitution), threatening the central bank’s monetary policy and lender-of-last-resort (LLR) capabilities.
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Monetary Sovereignty and History of International Monetary Law
2017The aforementioned principle of monetary sovereignty plays an important role in monetary law and is key to understanding international monetary relations notwithstanding the much discussed potential erosion of the principle.
Christoph Herrmann, Corinna Dornacher
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Sovereignty and Monetary Integration
2019This chapter illustrates how monetary theory, especially the concept of the four functions of money (medium of exchange, unit of account, store of value and means of deferred payment), can be integrated into the concept of a hierarchy of nested social institutions and public goods.
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2000
Abstract In a famous dictum in the Serbian and Brazilian Loans cases, the Permanent Court 5.01of International Justice stated: ‘it is indeed a generally accepted principle that a state is entitled to regulate its currency’. This statement is quoted in most studies on the public international law of money and is generally seen as ...
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Abstract In a famous dictum in the Serbian and Brazilian Loans cases, the Permanent Court 5.01of International Justice stated: ‘it is indeed a generally accepted principle that a state is entitled to regulate its currency’. This statement is quoted in most studies on the public international law of money and is generally seen as ...
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The Illusion of Monetary Sovereignty
2013In our modern age, most economies are open—if economic and financial openness is defined as exposure to cross-border flows of goods, services, labor and financial funds. Openness has become the normal state of contemporary market-based economies: they are organically engaged in foreign trade, and are parties to international conventions and ...
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The Conservatives and Monetary Sovereignty
2015It is often said that Edward Heath ‘was at heart an ideological European’: ‘He had been a member of Jean Monnet’s Action Committee for the United States of Europe and made his maiden Parliamentary speech on the need for a united Europe.’1 However, an in-depth look at Heath’s view of sovereignty suggests that it underwent a considerable change as the ...
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What Use Is Monetary Sovereignty?
2003Abstract This chapter discusses the meaning, purpose, scope, and expected benefits of monetary sovereignty. Monetary sovereignty has become the focus of recent debates on dollarization, currency boards, and monetary unions. Concerns have been raised that replacing a national central bank with any of these monetary systems would reduce ...
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The geopolitics of currencies and the issue of monetary sovereignty
Social Responsibility Journal, 2010PurposeThis paper seeks to focus on the challenge posed by financial globalization before the traditional Westphalian model of monetary sovereignty, claiming that financial globalization of the world's markets leads to new forms of geopolitical rivalry among contemporary governments.Design/methodology/approachThe paper sets the analytical framework for
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