International Financial and Monetary Law

Jacques de Larosire, Chairman of the Strategic Committee of the French Treasury and Advisor to BNP Paribas, former Managing Director of the International Monetary Fund International Financial and Monetary Law is absolutely remarkable. It combines impeccable legal analysis and a deep understanding of the economics of the issues raised. The developments on the IMF, the European Union, the Supervisory setting, Central Banks Law, ... contain a wealth of insights that make the book an indispensable tool for students, researchers and practitioners.

Jaime Caruana, General Manager, Bank for International Settlements Rosa Maria Lastra's experience and thorough research shine through in this clear, authoritative, cohesive and readable book on the complex topic of international, financial and monetary law. She manages to explain the complex evolution of the different regulations and laws, the economic rationale underpinning them, and the roles of the various different players, while putting everything in an appropriate institutional context. The result is a thoughtful assessment of the significance of the many changes that have taken place in the regulatory frameworks and of the challenges they try to overcome.

Arminio Fraga, former president, Central Bank of Brazil, founding partner, Gvea Investments International and Financial Monetary Law Rosa Lastra's excellent new book, greatly extends and updates the author's previous work, at a moment in history where recent crises are stimulating new and deeper thinking about the legal and institutional foundations of the system. Moreover, is not just for lawyers! Any policy maker, economist and market practitioner interested in where this complicated and rapidly changing world of international money, central banking and finance is heading will greatly benefit from consulting and reading this superb book by one of the world's greatest experts in the field.

Geoffrey Milller, Professor of Law, NYU Law School This is a tremendous achievement - a systematic, thorough, and timely presentation and analysis of some of the most important legal and policy issues facing the world's economies today. Dr. Lastra's work sets the standard for scholarship across the entire field of monetary law. It is indispensable resource for anyone working and thinking in this field. This is an amazing compilation of information and insightful analysis of important legal issues that are treated almost nowhere else.

John Armour, Professor of Law and Finance, University of Oxford This is the definitive source for understanding the legal framework within which central banks operate and relate to one another across borders. The tasks assigned to central banks have increased significantly since the financial crisis, to include a focus on financial stability as much as monetary policy. At the same time, profound changes to the structure of the Eurozone have resulted in a complex layering of obligations as regards money an...

Rosa Lastra, Professor in International Financial and Monetary Law, Queen Mary, University of London Rosa Lastra is Professor in International Financial and Monetary Law at the Centre for Commercial Law Studies, Queen Mary, University of London.

PART I: DEVELOPMENTS AT THE NATIONAL LEVEL ; 1. Monetary Sovereignty and its Surrender ; 2. Central Banking ; 3. Supervision, Regulation and Financial Stability ; 4. Crisis Management ; 5. Law Reform in Emerging Economies ; PART II DEVELOPMENTS AT THE EU LEVEL ; 6. History of Monetary Integration in Europe ; 7. The Institutions of Monetary Union ; 8. Economic Governance ('Economic Union') ; 9. External Aspects of EMU ; 10. Banking Union ; 11. European Financial Architecture: Banking Union and Single Market ; PART III: DEVELOPMENTS AT THE INTERNATIONAL LEVEL ; 12. History of International Monetary Cooperation ; 13. The Law of the International Monetary Fund ; 14. International Financial Architecture