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KAFP 6400 - International financial and monetary law

KAFP 6400 · Semestre de printemps 2025-2026

Langue d'enseignement
English
Type d'enseignement
Cours magistral
Nombre d'heures
24
Crédits
4

Informations

Descriptif

The 2008 Global Financial Crisis renewed focus on the regulation of money and credit—an issue often revisited during times of crisis. This seminar explores the regulation of money in the modern Western legal tradition, including money creation, central banking, mechanisms to ensure monetary and financial stability and sovereign debt crisis resolution. It also discusses how a state´s capacity to maintain financial and monetary stability depends on global political and economic structures, in particular currency hierarchies. Taking a transnational perspective, it examines how globalization has shifted monetary regulation from national to transnational regimes, involving both public and private actors. Key institutions studied include central banks, the IMF, Basel Committee, Financial Stability Board, and International Capital Markets Association.

Pré-requis

The course is open to students with no prior experience with studies in law.

Before the start of the course, the students should read :

Professor Christopher Greenwood, link in the mandatory lectures.

Robert Beckman and Dagmar Butte, link in the mandatory lectures.

Caroline Cleiner et all, link in the mandatory lectures.

Format pédagogique

The course will be given in person, not online.

Mode de validation

The students will have one midway assessment and one final assessment

The midway assessment will be an in class written assessment. The student will be tested in their basic knowledge of i) legal sources and legal reasoning and ii) terms and definitions related to the regulation of money.

The final assessment will take place after the finalization of the course and be a written essay reflecting over regulatory questions discussed throughout the course.

Charge de travail

Preparation – specific reading of shorter articles, pieces of legislation, judgments and policy documents – will be indicated in the lecture in the week before.

Lectures

Lectures principales 5

  1. Caroline Cleiner et all, “White Paper 11, international financial law in the next decades”, International Law Association 150 years, 2023, Chapter 1 (p. 17-66) https://www.ilaparis2023.org/wp-content/uploads/2023/08/ADI-ILA-finances-internationales-V02-EN.pdf

  2. Chapter on “Introduction to central bank law” in Rosa M Lastra, International Financial and Monetary Law, 2nd ed (Oxford University Press, 2015), section 2.01-2.103 (34 pages).

  3. Chapter on “Supervision, regulation and financial stability in Rosa M. Lastra, International Financial and Monetary Law, 2nd ed (Oxford University Press, 2015), Section 3.01-3.39 and section 3.51- 3.79 (approximately 18 pages)

  4. Professor Christopher Greenwood, «Sources of International Law: An Introduction» (5 pages) https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://legal.un.org/avl/pdf/ls/greenwood_outline.pdf&ved=2ahUKEwjv3b6TsbeQAxWYT1UIHc6rABcQFnoECAwQAQ&usg=AOvVaw1snvq0VPzwgFNMZcEhRbQG

  5. Robert Beckman and Dagmar Butte, «Introduction to International Law» (12 pages) https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.ilsa.org/Jessup/Jessup%2520Competitor%2520Resources/intlawintro.pdf&ved=2ahUKEwiXhemhsbeQAxViFhAIHe8aIy4QFnoECBcQAQ&usg=AOvVaw2vo1e9bFWGy-0r5UotvUlH

Lectures secondaires 10

  1. Caroline Cleiner et all, “White Paper 11, international financial law in the next decades”, International Law Association 150 years, 2023 (full paper) https://www.ilaparis2023.org/wp-content/uploads/2023/08/ADI-ILA-finances-internationales-V02-EN.pdf

  2. Chapter on “History of international monetary cooperation” in Rosa M. Lastra, International Financial and Monetary Law, 2nd ed (Oxford University Press, 2015), section 12.01- 12.71 (20 pages)

  3. Chapter on “International Financial Architecture”, in Rosa M. Lastra, International Financial and Monetary Law, 2nd ed (Oxford University Press, 2015), section 14.01-14.36 and 14.50-14.56 and 14.88- 14.99 and 14.100-14.194. (36 pages) 499-547.

  4. Chapter on “Monetary sovereignty” in Rosa M. Lastra, International Financial and Monetary Law, 2nd ed (Oxford University Press, 2015), section 1.01-1.76 (25 pages).

  5. Daniel Franchini, «When finance becomes a weapon: the challenge of central bank sanctions under international law», Journal of International Trade Law and Policy vol 24, No 1 2025.

    Lire en ligne

  6. Francisco J. Quintana, “Dollar dominance, de-dollarization, and international law”, Journal of International Economic Law, 2025

  7. Gregory Shaffer and Michael Waibel, “The rise and fall of trade and monetary legal orders: from the interwar periods until todays imbalances”, In (Eds.) Gregoire Mallard & Jerome Sgard, Contractual Knowledge: One Hundred Years of Legal Experimentation, Cambridge University Press, 2016 https://www-cambridge-org.ezproxy.uio.no/core/services/aop-cambridge-core/content/view/6FE8C95701D927AE65F2A9FC14F4447E/9781316442876c9_p289-323_CBO.pdf/the-rise-and-fall-of-trade-and-monetary-legal-orders-from-th

  8. Michael Ioannidis, Sarah Jane Hlásková Murphy, Chiara Zilioli, “The mandate of the ECB: Legal considerations in the ECB’s monetary policy strategy review”, European Central Bank Occasional Paper Seriers, No 276 / September 2001 https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op276~3c53a6755d.en.pdf?34605304c0df6620b17a6a7b32fed3cf

  9. Michael McLeay, Amar Radia and Ryland Thomas, «Money in the modern economy: an introduction», Bank og England Quarterly Bulletin 2014 Q1 <https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-in-the-modern-economy-an-introduction>

  10. Rosa Lastra, “Crisis Management” in Lastra, Rosa M., International Financial and Monetary Law, 2nd ed (Oxford University Press, 2015), section A-D.

Unités pédagogiques

N° d'UPType d'UP Unités pédagogiquesEnseignants Nombre d'heuresCrédits
58610Cours magistral International financial and monetary law Dilara AYDOGUS, Astrid IVERSEN244
59590Teaching assistant International financial and monetary law Dilara AYDOGUS——

Enseignants

  • Dilara AYDOGUS
  • Astrid IVERSEN

Dans les maquettes

Contacts et ressources

Contact pédagogique
SCHITTONE Delphine