Milestones of the international monetary law relations
Journal Title: Альманах міжнародного права - Year 2016, Vol 12, Issue
Abstract
International monetary law as a branch of international finance and subbranch of modern international economic law originated in the postwar period. However, international monetary legal relations as part of the international economic relations have emerged in the XIX century. The development of contemporary international monetary law starts approximately in the second half of the XX century, when there was an understanding that the European Community can no longer respond to the lack of international legal regulation of the monetary component of their economic interests. The crisis in postwar economy, spontaneity of currency system and other problems of new economic sectors at that time need the legal regulation of public financial and economic relations, which are covered by public international law. The issues of stages of international monetary law relations was engaged by A. Altshuler, V. Shumilov, O. Sharov, O. Dunas, L. Lazebnyk, N. Boytsun, O. Vaytsehovska, G. Haberler, P. Malanchuk and others. But, unfortunately, there is no single universal approach to determine the stages of development of these relations, and each of the existing approaches has its advantages and disadvantages. In this article we consider the problem of defining the stages of development of the international monetary system.Scientific position on the international legal instruments and their impact on the reform of the international monetary system is highlighted. Based on these characteristics analysis of international legal regulation of currency relations is made.
Authors and Affiliations
М. І. ГРАБИНСЬКИЙ
Keywords
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