
Contents
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A. Introduction A. Introduction
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B. Central Banks and Monetary Institutions B. Central Banks and Monetary Institutions
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C. Status of Monetary Institutions before Domestic Courts C. Status of Monetary Institutions before Domestic Courts
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National central banks National central banks
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Treaty organizations as central banks Treaty organizations as central banks
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Administration of exchange control Administration of exchange control
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21 The Protection of Foreign Monetary Institutions
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Published:October 2012
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Extract
Introduction
As was emphasized by Dr Mann on a number of occasions, this is a book about money.1 It may, of course, be debated whether a chapter on monetary institutions is therefore appropriate in the present context. But it has been shown that the existence of a monetary system relies upon the State, which must authorize its issue and define its unit of account and other characteristics. It therefore seemed that the institutions responsible for the issue of physical money and the conduct of monetary policy on behalf of the State were worthy of at least some examination in the present context; in part, this view was taken because recent developments have emphasized that (a) such institutions enjoy a particular role within a national economic system, and (b) that role may affect the attitude of foreign courts in their approach to cases involving such monetary institutions.2
See in particular his preface to the third edition of this work.
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