Description

There are overlapping jurisdictions dealing with monetary stability at different levels of governance. Notwithstanding that, since the 1970’s, policies on national and regional levels have been prevailing over multilateral and international solutions. Thissituation raised a trade-off between domestically-oriented policies and the stability of the global monetary order. This presentation argues that the main causes of this imbalance are attributable to the current design of the international monetary order, a system mainly based on monetary sovereignty attributes of the states, and soft international governance. It further argues that the situation is ripe for the application of the emerging doctrine of common concern of humankind (Common Concern) as an adequate methodological approach to cope with the under provision of global public goods and address the debate about global cooperation and unilateral measures in monetary affairs.

About The Speaker

Lucia Satragno is a doctoral fellow at the World Trade Institute, University of Bern since May 2014 and a visiting researcher at the Centre for Banking and Finance Law, NUS since February 2017. Her thesis deals with the potential impact of the emerging doctrine of Common Concern of Humankind in the field of international monetary law. Her studies are financed since August 2015 through the grant provided by the Swiss National Science Foundation (SNF) for the Project on ‘Common Concern of Humankind’ lead by Professor Thomas Cottier.

Before focusing on her doctoral studies, Lucia worked as a research fellow in monetary and financial law at the World Trade Institute (2012-2014) and as a legal counsel in banking and finance law for a major law firm (2004-2009) and a corporate bank (2009-2010) in Buenos Aires, Argentina. Lucia holds a law degree with honours from the University of Buenos Aires (2003) and an LLM degree with distinction, awarded by Queen Mary University of London (2010-2011).