We are now closed for the Christmas and New Year period, reopening on Friday 3rd January 2025. Orders placed during this time will be processed upon our return on 3rd January.
The device(s) you use to access the eBook content must be authorized with an Adobe ID before you download the product otherwise it will fail to register correctly.
For further information see https://www.wildy.com/ebook-formats
Once the order is confirmed an automated e-mail will be sent to you to allow you to download the eBook.
All eBooks are supplied firm sale and cannot be returned. If you believe there is a fault with your eBook then contact us on ebooks@wildy.com and we will help in resolving the issue. This does not affect your statutory rights.
This is the first book of recent times to focus on the question of how money, the term to include coins, notes, credit and virtual currency, should be defined from both a legal and an economic perspective.
As new electronic payment mechanisms proliferate, this question of definition is likely to become an important issue in global legal, commercial, economic, macroprudential and fiscal policymaking. The book re-examines 'money' in this context by identifying the role it plays in various transactions and to what extent, for example, cryptocurrencies and 'quasi-money' are interchangeable with, analogous to, or different from traditional monetary systems.
Beginning with a summary of the legal nature of money, the book explains the distinction between money and payment obligations, as well as providing an overview of the fundamental characteristics of money. It analyses how the law identifies money by pinpointing characteristics of particular transactions such as sale of goods transactions, including the position where the exchange of goods is for 'e-currency'.
Other situations or transactions examined include the recovery of stolen money, claims for non-delivery of money, and how obligations to pay operate. The book also considers the role of money in the banking system, exploring how various currencies can be used as claims on financial institutions and examining whether the systemic stability of the industry is threatened by non-traditional currency forms.
Finally, the book addresses, and seeks to develop a conceptual framework for how alternative currencies might work in place of money as a medium for saving.
