Financial and Monetary Law

Dozent/in	Dr. iur. Hans Kuhn
Veranstaltungsart	Vorlesung
Code	HS191314
Semester	Herbstsemester 2019
Durchführender Fachbereich	Privatrecht
Studienstufe	Master
Termin/e	wöchentlich (Di), ab 17.09.2019, 08:15 - 10:00 Uhr, 4.B51
Umfang	2 Semesterwochenstunden
Inhalt	The global financial crisis of 2007/09 and the subsequent Eurozone crisis forced governments and central banks to take unprecedented steps in order to stabilize the global financial system. Policies adopted in response to this twin crisis will profoundly influence and shape the financial and monetary systems for the foreseeable future. Moreover, digitalization is swiftly changing the way financial services are produced and distributed. This course explores the impact of these and other developments on the institutional and legal framework of the financial and monetary systems. The course starts with a review of the legal and economic concepts of money, with a focus on new developments like virtual and crypto currencies. It then discusses the institutional framework for the production of sovereign (fiat) money, including central bank governance and independence. A third part will provide an overview of the international monetary system and financial architecture, including the role of international financial standard setters, using the “too big to fail” regulatory reform as a case study.
E-Learning	https://lms.uzh.ch/url/repositoryentry/16620028077
Lernziele	Students will have an understanding of (l) the concept of money; (ll) the institutional framework for the production of money, and (lll) the key components of the international financial and monetary system and their impact on national financial and monetary regulation.
Voraussetzungen	Students should be interested in, and have a basic understanding of, economics.
Sprache	Englisch
Abschlussform / Credits	Oral Exam / 5 Credits (für alle Module ohne anderslautende Angabe) Oral Exam (StuPO 2016) / 5 Credits (für Modul Financial and Monetary Law) Oral Exam (StuPO 2011) / 6 Credits (für Modul Financial and Monetary Law)
Hinweise	The course supplements the course "Finanzmarktrecht" (which is not a prerequisite).
Hörer-/innen	Ja
Kontakt	hans.kuhn@doz.unilu.ch
Literatur	What’s indispensable? Reader “Financial and Monetary Law”. A reader with course material will be available at the "Studiladen" at a special price. Further Literature Rosa M. Lastra, International Financial and Monetary Law (OUP 2015). Legislation required for the exam (included in the reader) • Federal Act on the Swiss National Bank (NBA, SR 951.11); • Federal Act on Money and Currency (WZG, SR 941.10).