Two Decades Lost: Reinvigorating the Weak Cousin of WTO Law
Selected Papers from ESIL Proceedings, Vol. 3, 2011
11 Pages Posted: 31 Dec 2010 Last revised: 27 Aug 2012
Date Written: September 3, 2010
This chapter argues that current international financial law is largely toothless and dangerously underdeveloped. The sea change in international finance since 1990 seems to have bypassed the public international law of finance and international financial lawyers. Despite dazzling growth in global capital markets, international financial law has barely changed over the last decades. Because of close interrelation between the international trade and monetary sphere, international financial law is the weak cousin of WTO law.
Keywords: international financial law, underdevelopment, weakness, history, IMF
JEL Classification: F30, F33
Suggested Citation: Suggested Citation