Monetary Obligations and the Fragmentation of the Sterling Monetary Union

Fox, David

Monetary Obligations and the Fragmentation of the Sterling Monetary Union

Chapter in book, D Fox and W Ernst (eds), Money in the Western Legal Tradition: Middle Ages to Bretton Woods (Oxford University Press, 2015 Forthcoming)

University of Cambridge Faculty of Law Research Paper No. 71/2014

34 Pages Posted: 18 Dec 2014

See all articles by David Fox

David Fox

School of Law, University of Edinburgh

Date Written: December 1, 2014

Abstract

This chapter explains the development during the nineteenth century of the legal structures behind the international monetary union between the United Kingdom, Australia and New Zealand. It thus illustrates the operation of one part of the international gold standard in regulating currency values between three trading and investment partners in the British Empire. Through a study of litigated disputes, it shows the fragmentation of the monetary union during early 1930s and the gradual development of the monetary sovereignty in Australia and New Zealand.

Keywords: Legal history, International monetary law, Conflict of laws, Gold standard

JEL Classification: K1, K11, K19

Suggested Citation: Suggested Citation

Fox, David, Monetary Obligations and the Fragmentation of the Sterling Monetary Union (December 1, 2014). Chapter in book, D Fox and W Ernst (eds), Money in the Western Legal Tradition: Middle Ages to Bretton Woods (Oxford University Press, 2015 Forthcoming) , University of Cambridge Faculty of Law Research Paper No. 71/2014, Available at SSRN: https://ssrn.com/abstract=2539544