INT’L FINANCIAL SYSTEM LAW CLASS ONE INTRODUCTION AND INTERNATIONAL LAW BASICS Prof. David K. Linnan PHBK UGM –USC-UI-UNDIP-USU Univ. of South Carolina Joint Videoconferenced Class School of Law August 23, 2002
BASIC INT’L LAW CONCEPTS INT'L VERSUS NAT'L LAW, CONCEPT INT'L ECONOMIC LAW TRADE VERSUS FINANCIAL SYSTEM DISTINCTION
BASIC INT’L LAW CONCEPTS NATURE OF INT'L LEGAL SYSTEM 1.WHO ARE PLAYERS (SUBJECTS OF INT'L LAW/STATES TRAD.) 2.SOVEREIGNTY & LACK OF ENFORCEMENT MECHANISM 3.DECENTRALIZED, MEANING ALSO TRAD. NO COURTS/SHERIFF
BASIC INT’L LAW CONCEPTS INT'L LAW SOURCES 1.TREATIES (AGREEMENTS WITH VS. WITHOUT LEGAL FORCE) 2.CUSTOMARY LAW (BEHAVIOR UNDER LEGAL COMPULSION & OPINIO JURIS) 3.GENERAL PRINCIPLES OF LAW 4.BEST (ACADEMIC) WRITINGS
BASIC CONCEPTS WHAT IS MONEY? LEGALLY, WHO CAN CREATE & REGULATE INSTITUTIONAL FRAMEWORK UNDER NAT'L LAW VERSUS INT'L
BASIC CONCEPTS WHY IS MONEY? ECONOMIC COUNTER VALUE STORE TRANSACTIONAL MEDIUM
BASIC CONCEPTS HOW IS MONEY WORKED WITHIN/BETWEEN STATES INT'L FINANCIAL SYSTEM SPECIAL CHARACTER OF NAT'L FINANCIAL SYSTEMS AND REGULATION
BASIC CONCEPTS BRETTON WOODS INSTITUTIONS IMF WORLD BANK BIS? WTO?