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
Posted: 1 Feb 2012 Last revised: 5 Apr 2012
Date Written: September 15, 2011
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: Suggested Citation