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Part VI Monetary Unions and other Forms of Monetary Organization, 33 Other Forms of Monetary Organization

Charles Proctor, Dr Caroline Kleiner, Dr Florian Mohs

From: Mann on the Legal Aspect of Money (7th Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 31 January 2023

Monetary system — Exchange Rates — Exchange controls and the International Monetary Fund Agreement — Foreign currency systems and institutions — International Monetary Fund (IMF)
33.01 The present Part of this book has thus far considered monetary unions in the strict sense of the definition which was formulated for that purpose. Earlier chapters1 have considered the State, societary and institutional theories of money, and some of the issues associated with them. As a result, this book has thus far placed a focus on what may be described as the two extremes of the monetary spectrum. At one end, one finds a State which issues its own currency and exercises exclusive sovereignty over its own monetary system. At the other end, one finds the...
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