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Money in the Western Legal Tradition – Middle Ages to Bretton Woods - Oxford Scholarship Online
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Money in the Western Legal Tradition: Middle Ages to Bretton Woods

David Fox and Wolfgang Ernst


Monetary law is essential to the functioning of private transactions and international dealings by the state: nearly every legal transaction has a monetary aspect. This book presents an analysis of Western monetary law, covering the civil law and Anglo-American common law legal systems from the High Middle Ages up to the middle of the twentieth century. By drawing together, the changing concepts of money and private transactions throughout the ages, the chapters investigate the special contribution made by legal scholars and practitioners to our understanding of money and the laws that govern ... More

Keywords: monetary law, legal transaction, Anglo-American common law, money, private, transactions, Middle Ages, banking system, paper money, legal doctrines

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780198704744
Published to Oxford Scholarship Online: April 2016 DOI:10.1093/acprof:oso/9780198704744.001.0001


Affiliations are at time of print publication.

David Fox, editor
Lecturer in Law and Fellow, University of Cambridge and St John's College

Wolfgang Ernst, editor
Regius Professor of Civil Law in the University of Oxford, and Fellow of All Souls College

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1 Monetary History between Law and Economics

David Fox, François R. Velde, and Wolfgang Ernst

Part I The Late Middle Ages: Coins and the Law

I Monetary Environment

II Civil Law

Part II Money in the Early Modern Period: The triumph of Nominalism

I Monetary Environment

II Common Law

III Civil Law

Part III The Evolution of Cashless Payment: Bank Money

I Monetary Environment

17 Early Public Banks I

William Roberds and François R. Velde

II Common Law

18 ‘Bank Money’

Benjamin Geva

19 Early English Law of Checks

James Steven Rogers

III Civil Law

Part IV The Eighteenth and Nineteenth Centuries: The Emergence of Paper Money

I Monetary Environment

22 Early Public Banks II

William Roberds and François R. Velde

II Common Law and mixed legal systems

III Civil Law

Part V The Twentieth Century: Fiat Money

I Monetary Environment

II Common Law

31 Responses to Crisis

Roy Kreitner

III Civil Law

34 Swedish Government Bonds, their Gold Dollar Clause, and the 1933 Roosevelt Act

—Georges Sauser-Hall’s ‘Opinion on Loans issued by the Government of Sweden’—

End Matter