scholarly journals Legal Protection: Liability and Immunity Arrangements of Central Banks and Financial Supervisors

2018 ◽  
Author(s):  
Ashraf Khan
Keyword(s):  
Legal Protection ◽  
Central Banks ◽  
Financial Supervisors

scholarly journals Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuance

2015 ◽  
pp. 145-166
Author(s):  
Thiago Perez Bernardes de Moraes
Keyword(s):  
Central Bank ◽  
Legal Protection ◽  
Developed Countries ◽  
Central Banks ◽  
Political Elites ◽  
Late Development ◽  
Public And Private ◽  
Private Banks ◽  
Economic Elites ◽  
Privately Owned

The Central Bank in Brazil is an autarky of the federal government that has a monopoly on currency issuance. In most developed countries the central bank is privately owned. But in Brazil and other countries with late development the central bank is public. However, public central banks operate much the same way that private banks do, in particular as regards the currency issuance that, through legal artifices, is a private monopoly in most of the world. This study aims to analyze this public and private dichotomy, from the analysis of the legal protection of the currency issue in Brazil. At this point we conclude that there is evidence that indicates that the degree of independence that the Central Bank of Brazil acquired is related to pressures from economic elites (who benefit from public debt bonds) on political elites.

scholarly journals The potential contribution of central banks to green finance

2019 ◽  
Vol 88 (2) ◽  
pp. 55-71
Author(s):  
Andreas Breitenfellner ◽  
Wolfgang Pointner ◽  
Helene Schuberth
Keyword(s):  
Financial Stability ◽  
Global Economy ◽  
Political Action ◽  
Financial System ◽  
Central Banks ◽  
Green Economy ◽  
Potential Contribution ◽  
Green Finance ◽  
Financial Supervisors ◽  
Smooth Transformation

Summary: Central banks and financial supervisors approach ‘green finance’ mostly to preserve macroeconomic and financial stability according to their mandates. Obviously, climate change poses severe risks to households, firms and their financial intermediaries. These risks tend to be correlated and their scope goes beyond historical evidence, therefore their impact on the financial system is difficult to model. On the other hand, the planned decarbonization of the global economy creates enormous investment opportunities. Central banks and supervisors play a role in safeguarding the financial system’s smooth transformation from funding old, brown industries to funding a new green economy. The ‘Network for Greening the Financial System’ facilitates an exchange of experience and ideas among central banks and financial supervisors; we present some of their findings. While central banks can and should contribute to making the economy and the financial system more sustainable, they can only complement, but not substitute for, decisive political action by governments.

scholarly journals Prospects of legal regulation and use of the digital rouble

2021 ◽  
Vol 109 ◽  
pp. 01018
Author(s):  
Ekaterina Kostikova ◽  
Diana Alekseeva ◽  
Svetlana Rybakova ◽  
Anna Savina
Keyword(s):  
Legal Protection ◽  
Legal Regulation ◽  
Central Banks ◽  
Weapons Of Mass Destruction ◽  
Mass Destruction ◽  
Virtual Currency ◽  
Digital Currency ◽  
Building Trust ◽  
Proceeds Of Crime ◽  
And Control

This article considers the problems associated with the prospects of central banks issuing and circulating digital currency, in particular the digital rouble. The study found that at present there is virtually no need to issue such a currency as an alternative to cryptocurrency (virtual currency), because cryptocurrency has largely lost its properties as a means of payment with the acquisition of the qualities of an investment instrument. The advantages of a cryptocurrency over non-cash money, which is familiar and also has excellent qualities as a settlement tool, are also not obvious. The positioning of offline payments as a benefit of the digital rouble is questionable given the prospects of full Internet coverage in Russia and the significant technological and legal complexities involved in the organization and control of such payments. Building trust in the new form of the national currency, without which it will not be in demand, will require building a mechanism for legal protection of consumers' rights. There is also a need for a mechanism to address the risks associated with laundering proceeds of crime, financing terrorism and proliferation of weapons of mass destruction. It is difficult to formalise such a mechanism in the absence of international legal regulation

HUKUM DAN TEKLOGI SUATU KAJIAN TEORITIS TERHADAP PENOMENA LAYANAN TRANSFORTASI ONLINE

2017 ◽  
Vol 6 (1) ◽  
pp. 20
Author(s):  
Aria Dimas Harapan
Keyword(s):  
Economic Growth ◽  
Theoretical Study ◽  
Legal Protection ◽  
Creative Economy ◽  
Legal Certainty ◽  
The People ◽  
The Government ◽  
The Times

ABSTRACTThe essence of this study describes the theoretical study of the phenomenon transfortation services online. Advances in technology have changed the habits of the people to use online transfortation In fact despite legal protection in the service based services transfortation technological sophistication has not been formed and it became warm conversation among jurists. This study uses normative juridical research. This study found that the first, the Government must accommodate transfotation online phenomenon in the form of rules that provide legal certainty; second, transfortation online as part of the demands of the times based on technology; third, transfortation online as part of the creative economy for economic growth . 

PERLINDUNGAN HUKUM TERHADAP KARYA SENI BATIK YANG BELUM TERDAFTAR MENURUT UNDANG-UNDANG NOMOR 28 TAHUN 2014 TENTANG HAK CIPTA

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Inggrit Fernandes
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Cultural Heritage ◽  
Intellectual Property Rights ◽  
Rapid Growth ◽  
Economic Value ◽  
Legal Protection ◽  
Property Law ◽  
Market Demand ◽  
Work Of Art

Batik artwork is one of the treasures of the nation's cultural heritage. Batik artwork is currently experiencing rapid growth. The amount of interest and market demand for this art resulted batik artwork became one of the commodities in the country and abroad. Thus, if the batik artwork is not protected then the future can be assured of a new conflict arises in the realm of intellectual property law. Act No. 28 of 2014 on Copyright has accommodated artwork batik as one of the creations that are protected by law. So that this work of art than as a cultural heritage also have economic value for its creator. Then how the legal protection of the batik artwork yaang not registered? Does this also can be protected? While in the registration of intellectual property rights is a necessity so that it has the force of law to the work produced

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