Challenges in International Monetary Law

TRADE AND COMPETITION LAW IN THE EU AND BEYOND, pp. 35-47, Inge Govaere, Reinhard Quick & Marco Bronckers, eds., Edward Elgar Publishing, 2011

FSU College of Law, Public Law Research Paper No. 583

Posted: 1 Feb 2012 Last revised: 5 Apr 2012

See all articles by Tetyana Payosova

Tetyana Payosova

WTI/NCCR Trade; IEW, University of Bern

Thomas Cottier

University of Bern - Institute of European and International Economic Law

Date Written: September 15, 2011

Abstract

The paper is a tribute to an outstanding international and European lawyer and academic Jaques Bourgeois. It addresses the relationship between exchange rate and monetary policies, currently subject to worldwide discussion in legal circles, especially taking into consideration a recent Chinese example of the claimed "currency manipulation."

This paper shortly deals with the IMF powers to regulate similar matters and points out the existing shortcomings. The role of the WTO is also discussed, specifically in light of its rules on subsidies and their applicability to currency policies with subsidizing effects.

The paper concludes with some suggestions on the reform of the IMF.

Keywords: Currency manipulation, WTO law, subsidies, IMF

JEL Classification: K33

Suggested Citation

Payosova, Tetyana and Cottier, Thomas, Challenges in International Monetary Law (September 15, 2011). TRADE AND COMPETITION LAW IN THE EU AND BEYOND, pp. 35-47, Inge Govaere, Reinhard Quick & Marco Bronckers, eds., Edward Elgar Publishing, 2011; FSU College of Law, Public Law Research Paper No. 583. Available at SSRN: https://ssrn.com/abstract=1995803

Tetyana Payosova (Contact Author)

WTI/NCCR Trade ( email )

Hallerstrasse 6/8
Berne, CH-3012
Switzerland

IEW, University of Bern ( email )

Hallerstrasse 6
Bern, CH-3012
Switzerland

Thomas Cottier

University of Bern - Institute of European and International Economic Law ( email )

Hallerstrasse 6
Bern, CH-3012
Switzerland
+41 31 6313626 (Phone)

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