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The global financial crisis as well as the following Eurocrisis were surely a failure of economics. But they were and are also a failure of law: Neither the national nor the European or international legal framework were able to prevent the almost-meltdown of the worldwide financial system or the economic collapse of Greece. The question how to remove these legal deficiencies in order to ensure financial stability for the future has since then become one of the major topics in the public debate. The book “The Rule of Law in Monetary Affairs” edited by Thomas Cottier, Rosa M. Lastra, Christian Tietje and (as associate editor) Lucía Satragno wants to find an answer to this question. Together with 22 other renowned (and mainly European) contributors the editors seek to explore and identify the underlying principles and norms that might contribute to a better (respectively safer) international financial system. The book thereby not only makes clear why it is so difficult to find a functioning framework when it comes to international monetary affairs, but also offers convincing solutions how to overcome these difficulties.
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- Thomas Cottier, Rosa M. Lastra, Christian Tietje, Lucía Satragno (Eds.), The Rule of Law in Monetary Affairs: World Trade Forum
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