This chapter explains the development during the nineteenth century of the legal structures behind the international monetary union between the United Kingdom, Australia and New Zealand. It thus illustrates the operation of one part of the international gold standard in regulating currency...

Despite often-abundant natural resources, so-called “Indian Country” suffers the worst systemic poverty in North America today. Much of the economic story of Indian Country is one of hopelessly limited property rights naively designed to protect its wards. Whether encumbrances on fee simple...

The terms ‘property’ and ‘proprietary interest’ are routinely used in Australian law to represent the broad category of rights an individual may have with respect to tangible and intangible things. ‘Money’, ‘currency’, and ‘legal tender’ are examples of property that...

The concept of money is regarded as difficult and complex. Today, lawyers leave the discussion of money to economists. Economists see money as a creation of the law and quietly presuppose its existence, so much so that money has disappeared as a separate entity in micro-economic models of market...

Payment media, from gold coins to stablecoins, exist to be used, and in practice their use requires payment systems. In my paper ‘Central Bank Digital Currencies And Stablecoins – How Might They Work In Practice?’ I consider the way in which existing payment infrastructures and...

Dit artikel is een kritische analyse van de bloedverwantenreserve en echtgenotenreserve die we vandaag kennen. Daarbij pleit de auteur voor een wijziging in de verhouding tussen huwelijksvermogensrecht en erfrecht: waar het huwelijksvermogensrecht dwingender zou moeten, moet dwingend erfrecht...

This article explores legal and constitutional dimensions of central banks’ powers to create money, ‘central bank reserves’, through monetary policy operations. Despite the prominence of monetary authority since the Financial Crisis, the law supporting the creation of central bank reserves...

In this paper we argue that, in substance, the Quantitative Easing (QE) programmes introduced by central banks around the world amount to monetary financing of government deficits. As such, these programmes are unlawful under the Treaty on the Functioning of the European Union (TFEU). However,...