General Introduction
General Introduction
As explained in this general introduction, the analysis of the evolution of the concept of monetary sovereignty and its implications undertaken in this monograph accounts for the inherently dual nature of the concept of sovereignty which can be validly approached in two ways: directly, by focusing on the supreme authority of independent states and indirectly, by looking at the sovereign powers that originally all derive from the capacity of independent statehood. When approached as the supreme and irreducible authority of independent states, sovereignty is not a purely positive concept but is built on constantly evolving sovereign values. For the purpose of this monograph, the conceptual scope of monetary sovereignty is defined broadly as covering the right to create money; the right to conduct monetary and exchange rate policies; the right to decide upon the appropriate amount of current and capital account convertibility; and the organization of financial regulation and supervision.
Keywords: Monetary sovereignty, conceptual evolution, inherently dual nature, sovereign powers, independent statehood, conceptual scope
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .
