Thursday, March 29, 2012

Viterbo: International Economic Law and Monetary Measures: Limitations to States’ Sovereignty and Dispute Settlement

Annamaria Viterbo (Univ. of Turin - Law) has published International Economic Law and Monetary Measures: Limitations to States’ Sovereignty and Dispute Settlement (Edward Elgar Publishing 2012). Here's the abstract:

The 2007–2010 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.