... Monetary Fund (IMF) Monetary union Revaluation and devaluation 13.01 The introduction of the euro in 1999 signified a profound change in the history of monetary law. Seventeen member states of the European Union (EU) ² today share a single currency and a single interest rate policy...

...Monetary union and monetary sovereignty Monetary sovereignty Exchange control Revaluation and devaluation Sovereign debt 19.01 The State theory of money has been discussed in some detail earlier in this book. ¹ The State theory proceeds on the assumption that every State...

.... It emphasizes that there are some cases wherein certain unfairly prejudicial conduct has no appropriate remedy. Shareholder Remedies for lenders’ breaches Revaluation and devaluation 6.01 The Companies Act 2006 (CA 2006), s 996(1) provides that: [i]f the court is satisfied that a petition under [CA 2006...

...Sterling Revaluation and devaluation Exchange Rates International financial system Exchange control Monetary system Liquidity International Monetary Fund (IMF) 2.01 Chiefly in the course of the nineteenth century, almost all States enacted legislation with a view to organizing...

... of the unit of account and legal tender legislation, the issue of the currency in the United Kingdom, and the process of revaluation and devaluation. Currency and the unit of account Revaluation and devaluation Sterling International financial system International monetary conduct Monetary system Money...

...Liquidated and unliquidated monetary obligations Revaluation and devaluation Remedies for lenders’ breaches 10.01 As has been shown in Chapter 9 , nominalism has developed and operated in the context of liquidated sums. The origins of the principle depend upon the presumed intention...

...Nominalism Indexation Revaluation and devaluation 11.01 It has been shown that, in the context of liquidated claims arising under long-term contracts, the creditor is exposed to the erosion of his claim as a consequence of ‘creeping’ inflation. ¹ The general principles of private...

... the difficulties may be, it is submitted that the lex monetae principle enjoys almost universal support; it is also consistent with customary international law. The chapter then looks at the process of revalorization and its role in foreign courts. Foreign currency systems and institutions Revaluation...

..., convertibility for current international transactions, and bilateral agreements. Dollar Exchange Rates Revaluation and devaluation International monetary conduct 22.01 The present chapter considers the impact of public international law in relation to the monetary conduct of States. ¹...