- Used Books
- Staff Picks
- Gifts & Gift Cards
- Sell Books
- Stores & Events
- Let's Talk Books
Special Offers see all
More at Powell's
Recently Viewed clear list
Ships in 1 to 3 days
available for shipping or prepaid pickup only
Available for In-store Pickup
in 7 to 12 days
Other titles in the Oxford Monographs in International Law series:
A Contemporary Concept of Monetary Sovereignty (Oxford Monographs in International Law)by Claus D. Zimmermann
Synopses & Reviews
Monetary sovereignty is a crucial legal concept dictating that states have sovereignty over their own monetary, financial, and fiscal affairs. However, it does not feature as part of any key instruments of international law, including the Articles of Agreement of the International Monetary Fund. Rather, it has remained a somewhat separate notion, developed under contemporary international law from an assertion of the former Permanent Court of International Justice in 1929. As a consequence of globalization and increasing financial integration and a worldwide trend towards the creation of economic and monetary unions, the principle of monetary sovereignty has undergone significant change. This book examines this evolution in detail, and provides a conceptual framework to demonstrate what this means for the legal and economic challenges faced by the international community.
The book examines the historic origins and evolution of the concept of monetary sovereignty, putting it into the context of broader concepts of sovereignty. It argues that monetary sovereignty remains relevant as a dynamic legal concept with both positive and normative components. It investigates the continuing hybridization of international monetary law resulting from changes to its formal and material sources. It then examines the complex phenomenon of exchange rate misalignment under international monetary and trade law, and the increasing regionalization of monetary sovereignty, notably in light of the European sovereign debt crisis. Finally, it assesses the role the concept of monetary sovereignty can play in the reorganization of international finance following the recent global financial crisis.
About the Author
Dr. Claus D. Zimmermann is both a lawyer and an economist. He holds a doctorate in public international law from the University of Oxford, a doctorate in economics from the University of Paris Panthéon-Sorbonne as well as an LL.M. from Yale Law School. He has been a visiting researcher in Stanford's John M. Olin Program in Law and Economics and a visiting fellow at the Institute of International Economic Law at Georgetown University as well as at Harvard's Department of Government. During his time at Oxford, Dr. Zimmermann taught European competition law and policy and public international law.
At present, Dr. Zimmermann is working as an associate for the international trade and arbitration practice of Sidley Austin LLP in Geneva. He advises governments and private stakeholders on international trade matters, with a particular emphasis on dispute settlement under the auspices of the World Trade Organization. In addition, he focuses on European trade and competition law and policy. His prior experience in the practice of international law includes working for the WTO Appellate Body Secretariat, the IMF Legal Department, UNCITRAL, the International Treaties Division of the German Federal Ministry of Justice and the Permanent Representation of Germany to the European Union. Dr. Zimmermann's research on international economic law has been published in leading journals such as the American Journal of International Law and the European Journal of International Law.
Table of Contents
1. A Revision of the International Law Concept of Monetary Sovereignty
2. The Increasing Hybridization of International Monetary Law
3. Exchange Rate Misalignment and International Law
4. The Increasing Regionalization of Monetary Sovereignty
5. The Reorganization of the International Financial Architecture in the Wake of the Great Recession
What Our Readers Are Saying