2 Money

Subject(s):

Eurozone — Foreign currency systems and institutions — Concept of money — Theories of money

The chapter deals with the legal aspect of the fundamental concept in all financial transactions—money. It explains why an understanding of the idea is essential to the development of financial transactions. It deals with the treatment of money in English law, both in statute and in case-law, and also examines the development and the concept of the European Single Currency and the legal nature of cryptocurrencies. It concludes with a discussion of the basis on which states seek to control the use by others of their currencies.