"This book addresses 3 questions: is money a way to create a European Union identity? If so, which type of identity is this? And in what ways is the EU identity changing? The book brings together experts from a variety of backgrounds and academic approaches to analyse the law of money and payments on the one side, and the law of capital and investments on the other. The book is divided into 3 parts. Part I gives the reader an overview of the issues covered as well as of the goals and structure of the book. Part II covers scriptural, electronic, and digital money. It analyses the European framework for payment services users, explores limits and challenges of the Banking Union, and looks at the project for a digital euro. Part III investigates the policy and regulatory drivers of the EU's changing identity, from the early modern roots of the European law of money and capital to the regulatory strategy set in the Capital Markets Union and the role conferred on venture capital; from the fintech-based developments of payment systems to the newly-established fiscal and monetary policies in the post-COVID phase. The book will be of interest to researchers, academics and policy makers in the fields of law and regulation, as well as political economy and political sciences."--
Zugriffsoptionen:
Die folgenden Links führen aus den jeweiligen lokalen Bibliotheken zum Volltext:
In: Money, Payment System and the European Union: the regulatory challenges of governance, Cambridge Scholars Publishing: Newcastle Upon Tyne, UK, 2016.
In: in Gimigliano, G., Money Payment Systems and the European Union. The Regulatory Challenges of Governance, Cambridge Scholars Publishing, 25 - 34, 2016
Il saggio si propone di esaminare le questioni sollevate dalla elettronificazione e digitalizzazione dei pagamenti al dettaglio secondo un approccio umanistico e gius-economico, attento alla più recente evoluzione del quadro giuridico europeo su sistemi di pagamento, valute virtuali e complementari. Il saggio, diviso in due parti, si occupa nella Parte I del concetto di valore negli scambi monetari prestando attenzione alla relazione concettuale, stabilita da Mangan nella sua produzione artistica, tra l'antica valuta dell'isola di Yap, il rai, in pietra, e la valuta virtuale del bitcoin. I rispettivi percorsi di produzione, consumo, circolazione e rivalutazione delle due monete sono correlati alla relazione tra valute locali/ complementari da un lato e valute globali/virtuali dall'altro, in modo da prestare attenzione a come il valore monetario originariamente"forgiato" attraverso il criterio (chiuso) dell'appartenenza ad una comunità cambi quando "ceduto" ad un mercato (aperto) dominato dalla tecnologia. Nella Parte II, il saggio esamina l'approccio dell'Unione Europea alla moneta e ai sistemi di pagamento, concentrandosi sulle principali caratteristiche dei sistemi "regolari" e quelli virtuali, concludendo che difficilmente il ricorso al bitcoin o ad altre valute virtuali può sciogliere i nodi della governance dei sistemi di pagamento tradizionali e dell'accesso al credito: la sostenibilità e la nuova crescita che le valute virtuali e globali promettono si scontra in concreto con i limiti persistenti degli attori umani. This paper aims at providing a response to the interrelated issues of electronification and digitization of payments combining a law, economics and humanities approach with a critical eye on the most recent evolution of European Union law on the matter of payment systems and complementary and digital currencies. To this objective, Part I investigates the concept of value in money exchanges through the conceptual relation in Mangan's artwork between the ancient Yapese currency, rai, in the form of stone money, and the contemporary crypto-currency of bitcoins. Their juxtaposed story of production, consumption and circulation, as well as of re-evaluation, will then be extended to the relation between localised/complementary, on the one side, and globalised/digital currencies, on the other side, to highlight how monetary value, originally "carved" via (closed) criteria of community belonging, changes when "sold" to an (open) market dominated by technology. Accordingly, Part II will later shed light over the regulatory approach to money and payments at the European level, focusing on the main features of the "regular" payment system and the bitcoin-like money systems, drawing the conclusions that the currency tokens based on permissionless blockchain can hardly change (and solve) issues of payment systems' governance and credit crunch, as if their sustainability, and the new growth that they promise, would be, in fact, subject to persistent and inescapable limits for human actors.
