Legal Effects of Fluctuating Exchange Rates

Legal Effects of Fluctuating Exchange Rates

Author: Mr.Joseph Gold

Publisher: International Monetary Fund

Published: 1990-03-15

Total Pages: 500

ISBN-13: 1475506929

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This volume, by Joseph Gold, discusses some of the major letgal effects of fluctuating exchange rates in both public international law and national law. The problems and similarities in the solutions are reviewed, and the author recommends further developments in the law.


Book Synopsis Legal Effects of Fluctuating Exchange Rates by : Mr.Joseph Gold

Download or read book Legal Effects of Fluctuating Exchange Rates written by Mr.Joseph Gold and published by International Monetary Fund. This book was released on 1990-03-15 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, by Joseph Gold, discusses some of the major letgal effects of fluctuating exchange rates in both public international law and national law. The problems and similarities in the solutions are reviewed, and the author recommends further developments in the law.


Private International Law in Commonwealth Africa

Private International Law in Commonwealth Africa

Author: Richard Frimpong Oppong

Publisher: Cambridge University Press

Published: 2013-09-12

Total Pages: 559

ISBN-13: 0521199697

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A comprehensive and in-depth analysis of how courts in the countries of Commonwealth Africa decide claims under private international law.


Book Synopsis Private International Law in Commonwealth Africa by : Richard Frimpong Oppong

Download or read book Private International Law in Commonwealth Africa written by Richard Frimpong Oppong and published by Cambridge University Press. This book was released on 2013-09-12 with total page 559 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and in-depth analysis of how courts in the countries of Commonwealth Africa decide claims under private international law.


Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework

Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework

Author: Romain Lafarguette

Publisher: International Monetary Fund

Published: 2021-02-12

Total Pages: 33

ISBN-13: 1513569406

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This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.


Book Synopsis Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework by : Romain Lafarguette

Download or read book Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework written by Romain Lafarguette and published by International Monetary Fund. This book was released on 2021-02-12 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.


International Trade : Trade Law Remedies Under Floating Exchange Rates

International Trade : Trade Law Remedies Under Floating Exchange Rates

Author: United States. General Accounting Office

Publisher:

Published: 1986

Total Pages: 56

ISBN-13:

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Book Synopsis International Trade : Trade Law Remedies Under Floating Exchange Rates by : United States. General Accounting Office

Download or read book International Trade : Trade Law Remedies Under Floating Exchange Rates written by United States. General Accounting Office and published by . This book was released on 1986 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Financial Obligation in International Law

The Financial Obligation in International Law

Author: Rutsel Silvestre J Martha

Publisher: Oxford University Press

Published: 2015-03-19

Total Pages: 696

ISBN-13: 0191055964

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This is the first volume to comprehensively and systematically study, describe, and theorize the financial obligation created and governed by public international law. Legal globalization has given rise to a number of financial issues in international law in areas as diverse as development financing, investment protection, compensation of human rights victims, and sovereign debt crises. The claims resulting from the proliferation of financial activity are not limited to those primarily involving financial obligation (e.g. loans and grants) but include secondary obligation resulting from the law on international responsibility. Among the many instances of financial obligation covered in this study, the reader will find inter-State financial transactions, inter-State sale of goods, transnational services such as telecommunications and post, the financial operations of multilateral institutions, loans, grants and guarantees provided by the various international financial institutions, certain financial relations between non-State actors (including natural persons) and States, intergovernmental organizations or other international legal actors, and government loans to international organizations. Rich in historical detail and systematic in its coverage of contemporary law, this book will be valued by all practitioners and scholars with an interest in the nature of international financial obligation.


Book Synopsis The Financial Obligation in International Law by : Rutsel Silvestre J Martha

Download or read book The Financial Obligation in International Law written by Rutsel Silvestre J Martha and published by Oxford University Press. This book was released on 2015-03-19 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first volume to comprehensively and systematically study, describe, and theorize the financial obligation created and governed by public international law. Legal globalization has given rise to a number of financial issues in international law in areas as diverse as development financing, investment protection, compensation of human rights victims, and sovereign debt crises. The claims resulting from the proliferation of financial activity are not limited to those primarily involving financial obligation (e.g. loans and grants) but include secondary obligation resulting from the law on international responsibility. Among the many instances of financial obligation covered in this study, the reader will find inter-State financial transactions, inter-State sale of goods, transnational services such as telecommunications and post, the financial operations of multilateral institutions, loans, grants and guarantees provided by the various international financial institutions, certain financial relations between non-State actors (including natural persons) and States, intergovernmental organizations or other international legal actors, and government loans to international organizations. Rich in historical detail and systematic in its coverage of contemporary law, this book will be valued by all practitioners and scholars with an interest in the nature of international financial obligation.


Legal Issues of Inter-Korean Economic Cooperation under the Armistice System

Legal Issues of Inter-Korean Economic Cooperation under the Armistice System

Author: Eric Yong-Joong Lee

Publisher: BRILL

Published: 2002-09-01

Total Pages: 314

ISBN-13: 9047403126

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This unique work examines the highly topical national and international legal issues of economic cooperation between North and South Korea under the current divided situation. In recent years, the relationship between the two Koreas has been generating more concern than in earlier times. This new interest has been followed by two epoch-making developments over the past decade: the conclusion of the Basic Agreement of 1991 and the Declaration of the North-South Summit of 2000. These events have caused remarkable changes in political, as well as economic, relations between the north and the south. This book reviews the current legal regime and the setting up of a positive legal framework for inter-Korean economic cooperation, beginning to be regulated by international law. This research provides two ultimate outcomes. One is to resolve the legal problems for transnational economic cooperation relating to North and South Korea; the other is to develop a juridical model of south-north cooperation as a new world economic framework for the 21st century. Three interrelated areas are involved in this work. The first part describes the external environmental factors regarding inter-Korean economic cooperation from an international legal perspective. The second part deals with the legal framework of inter-Korean economic cooperation, examining concrete issues arising from practical economic exchanges and cooperation between the two Koreas. The last part discusses the legal foundations for inter-Korean economic integration beyond economic cooperation. This book clarifies the significance of the legal environment as an indispensable servant for the parts of a divided country to recover their relationship, offering both a normative and practical framework.


Book Synopsis Legal Issues of Inter-Korean Economic Cooperation under the Armistice System by : Eric Yong-Joong Lee

Download or read book Legal Issues of Inter-Korean Economic Cooperation under the Armistice System written by Eric Yong-Joong Lee and published by BRILL. This book was released on 2002-09-01 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique work examines the highly topical national and international legal issues of economic cooperation between North and South Korea under the current divided situation. In recent years, the relationship between the two Koreas has been generating more concern than in earlier times. This new interest has been followed by two epoch-making developments over the past decade: the conclusion of the Basic Agreement of 1991 and the Declaration of the North-South Summit of 2000. These events have caused remarkable changes in political, as well as economic, relations between the north and the south. This book reviews the current legal regime and the setting up of a positive legal framework for inter-Korean economic cooperation, beginning to be regulated by international law. This research provides two ultimate outcomes. One is to resolve the legal problems for transnational economic cooperation relating to North and South Korea; the other is to develop a juridical model of south-north cooperation as a new world economic framework for the 21st century. Three interrelated areas are involved in this work. The first part describes the external environmental factors regarding inter-Korean economic cooperation from an international legal perspective. The second part deals with the legal framework of inter-Korean economic cooperation, examining concrete issues arising from practical economic exchanges and cooperation between the two Koreas. The last part discusses the legal foundations for inter-Korean economic integration beyond economic cooperation. This book clarifies the significance of the legal environment as an indispensable servant for the parts of a divided country to recover their relationship, offering both a normative and practical framework.


The International Monetary Fund

The International Monetary Fund

Author:

Publisher: Transaction Publishers

Published: 1992

Total Pages: 342

ISBN-13: 9781851091492

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Book Synopsis The International Monetary Fund by :

Download or read book The International Monetary Fund written by and published by Transaction Publishers. This book was released on 1992 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Akehurst's Modern Introduction to International Law

Akehurst's Modern Introduction to International Law

Author: Alexander Orakhelashvili

Publisher: Routledge

Published: 2022-02-28

Total Pages: 807

ISBN-13: 1000522083

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First published in 1970, Akehurst’s Modern Introduction to International Law rapidly established itself as a widely used and successful textbook in its field. Being the shortest of all the major textbooks in this area, it continues to offer a concise and accessible overview of the concepts, themes, and issues central to the growing system of international law, while retaining Akehurst’s original positivist approach that accounts for the essence and character of this system of law. This new ninth edition has been further revised and updated by Alexander Orakhelashvili to take account of a plethora of recent developments and updates in the field, accounting for over forty decisions of international and national courts, as well as a number of treaties and major incidents that have occurred since the eighth edition of this textbook was published. Based on transparent methodology and with a distinctive cross-jurisdictional approach which opens up the discipline to students from all backgrounds, this engaging, well-structured, and reputable textbook will provide students with all the tools, methods, and concepts they need to fully understand this complex and diverse subject. It is an essential text for all undergraduate and postgraduate students of international law, government and politics, and international relations. This book is one of the only textbooks in international law to offer a fully updated, bespoke companion website: www.routledge.com/cw/orakhelashvili.


Book Synopsis Akehurst's Modern Introduction to International Law by : Alexander Orakhelashvili

Download or read book Akehurst's Modern Introduction to International Law written by Alexander Orakhelashvili and published by Routledge. This book was released on 2022-02-28 with total page 807 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1970, Akehurst’s Modern Introduction to International Law rapidly established itself as a widely used and successful textbook in its field. Being the shortest of all the major textbooks in this area, it continues to offer a concise and accessible overview of the concepts, themes, and issues central to the growing system of international law, while retaining Akehurst’s original positivist approach that accounts for the essence and character of this system of law. This new ninth edition has been further revised and updated by Alexander Orakhelashvili to take account of a plethora of recent developments and updates in the field, accounting for over forty decisions of international and national courts, as well as a number of treaties and major incidents that have occurred since the eighth edition of this textbook was published. Based on transparent methodology and with a distinctive cross-jurisdictional approach which opens up the discipline to students from all backgrounds, this engaging, well-structured, and reputable textbook will provide students with all the tools, methods, and concepts they need to fully understand this complex and diverse subject. It is an essential text for all undergraduate and postgraduate students of international law, government and politics, and international relations. This book is one of the only textbooks in international law to offer a fully updated, bespoke companion website: www.routledge.com/cw/orakhelashvili.


Akehurst's Modern Introduction to International Law

Akehurst's Modern Introduction to International Law

Author: Peter Malanczuk

Publisher: Routledge

Published: 2002-04-12

Total Pages: 476

ISBN-13: 1134833873

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First published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.


Book Synopsis Akehurst's Modern Introduction to International Law by : Peter Malanczuk

Download or read book Akehurst's Modern Introduction to International Law written by Peter Malanczuk and published by Routledge. This book was released on 2002-04-12 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.


International Economic Law and Monetary Measures

International Economic Law and Monetary Measures

Author: Annamaria Viterbo

Publisher: Edward Elgar Publishing

Published: 2012-01-01

Total Pages: 369

ISBN-13: 1781002614

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The 20072010 global financial crisis re-opened the debate on the reform of the international monetary and financial system. This well-argued book demonstrates the strategic role of international economic law (IEL) in ensuring international monetary stability and global financial stability. After discussing the current allocation of powers among IEL institutions, Annamaria Viterbo focuses on monetary measures: exchange restrictions, capital controls and exchange rate manipulations. These three fundamental topics are then examined through the lens of a multi-layered methodology, adopting perspectives from international monetary law, trade law and investment law. The author evaluates how the horizontal sectors in which IEL is traditionally divided interact and how conflicts between norms are avoided or solved. Particular attention is also devoted to the outcomes of trade and investment disputes that deal with monetary measures. International Economic Law and Monetary Measures will appeal to international trade law and international financial law scholars as well as law and business students. Legal practitioners and officials working in the field of international economic law will find it a useful reference, as will legal counsel in banks and financial institutions, international investors and multinational corporations.


Book Synopsis International Economic Law and Monetary Measures by : Annamaria Viterbo

Download or read book International Economic Law and Monetary Measures written by Annamaria Viterbo and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 20072010 global financial crisis re-opened the debate on the reform of the international monetary and financial system. This well-argued book demonstrates the strategic role of international economic law (IEL) in ensuring international monetary stability and global financial stability. After discussing the current allocation of powers among IEL institutions, Annamaria Viterbo focuses on monetary measures: exchange restrictions, capital controls and exchange rate manipulations. These three fundamental topics are then examined through the lens of a multi-layered methodology, adopting perspectives from international monetary law, trade law and investment law. The author evaluates how the horizontal sectors in which IEL is traditionally divided interact and how conflicts between norms are avoided or solved. Particular attention is also devoted to the outcomes of trade and investment disputes that deal with monetary measures. International Economic Law and Monetary Measures will appeal to international trade law and international financial law scholars as well as law and business students. Legal practitioners and officials working in the field of international economic law will find it a useful reference, as will legal counsel in banks and financial institutions, international investors and multinational corporations.