Mann and Proctor on the Law of Money

Abstract Providing a thorough legal analysis of money in all its aspects, this volume has been the leading text on the private and public law of money ever since the publication of the first edition in 1939. This new edition considers issues that have had a significant impact on monetary law, such as Brexit, virtual currencies, and the continuing shadow of ‘currency wars’. It also includes updated material on central banks and their role in currency and financial stability. The volume deals with the developments and legal challenges of digital money, providing a detailed evaluation of the status of Bitcoin as money. It investigates the challenges that virtual currencies like Bitcoin pose to our fundamental assumptions about monetary institutions and to our understanding and definition of money. In an EU context, the new edition reflects on the legal aspects of the Greek financial crisis, with an updated look at the role of the International Monetary Fund and the European Central Bank. It also includes analysis of the implications of Brexit, developments in damages and interest following on from the Sempra Metals case, the legal definition of a monetary union in Europe, and the conflict of anti-terrorist sanctions blocking financial resources.