On the relativization of central banks' immunity in modern monetary law
The subject of the analysis in the paper is to determine the characteristics and methods of implementing central bank immunity in the international monetary order, which in the circumstances of complex geopolitical relations in the world is no longer an untouchable concept of modern monetary legisla...
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| Format: | Article |
| Language: | English |
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University of Novi Sad, Faculty of Law
2025-01-01
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| Series: | Zbornik Radova: Pravni Fakultet u Novom Sadu |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2025/0550-21792501187D.pdf |
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| _version_ | 1849428641597882368 |
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| author | Dimitrijević Marko B. |
| author_facet | Dimitrijević Marko B. |
| author_sort | Dimitrijević Marko B. |
| collection | DOAJ |
| description | The subject of the analysis in the paper is to determine the characteristics and methods of implementing central bank immunity in the international monetary order, which in the circumstances of complex geopolitical relations in the world is no longer an untouchable concept of modern monetary legislation. In this sense, the paper starts with the hypothesis that restrictions in defining central bank immunity must be legally based and applied in the most restrictive way by the monetary legislator, as they can have far-reaching repercussions on the postulates of institutional, financial and functional independence in the work of central banks as guardians of monetary sovereignty. The research in the first part of the paper deals with the problem of normative regulation of legal protection in the work of central banks in a comparative environment. At the same time, the rest of the text discusses the concept of the so-calledfundamental rights of central banks. The subject of special attention of the author is the identification of the legal basis and consideration of the scope of financial sanctions in the operations of central banks. By applying the dogmatic, axiological, and comparative methods, the author seeks to point out the most significant dilemmas of the monetary legal aspects of narrowing the immunity of central banks and their implications for the preservation of monetary stability as a global public good. |
| format | Article |
| id | doaj-art-431efcd0039c4cb58c7a62a35e958eeb |
| institution | Kabale University |
| issn | 0550-2179 2406-1255 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | University of Novi Sad, Faculty of Law |
| record_format | Article |
| series | Zbornik Radova: Pravni Fakultet u Novom Sadu |
| spelling | doaj-art-431efcd0039c4cb58c7a62a35e958eeb2025-08-20T03:28:38ZengUniversity of Novi Sad, Faculty of LawZbornik Radova: Pravni Fakultet u Novom Sadu0550-21792406-12552025-01-0159118720410.5937/zrpfns59-576460550-21792501187DOn the relativization of central banks' immunity in modern monetary lawDimitrijević Marko B.0https://orcid.org/0000-0003-4406-9467Univerzitet u Nišu, Pravni fakultet u Nišu, SerbiaThe subject of the analysis in the paper is to determine the characteristics and methods of implementing central bank immunity in the international monetary order, which in the circumstances of complex geopolitical relations in the world is no longer an untouchable concept of modern monetary legislation. In this sense, the paper starts with the hypothesis that restrictions in defining central bank immunity must be legally based and applied in the most restrictive way by the monetary legislator, as they can have far-reaching repercussions on the postulates of institutional, financial and functional independence in the work of central banks as guardians of monetary sovereignty. The research in the first part of the paper deals with the problem of normative regulation of legal protection in the work of central banks in a comparative environment. At the same time, the rest of the text discusses the concept of the so-calledfundamental rights of central banks. The subject of special attention of the author is the identification of the legal basis and consideration of the scope of financial sanctions in the operations of central banks. By applying the dogmatic, axiological, and comparative methods, the author seeks to point out the most significant dilemmas of the monetary legal aspects of narrowing the immunity of central banks and their implications for the preservation of monetary stability as a global public good.https://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2025/0550-21792501187D.pdfmonetary lawcentral bankeconomic sanctionsimmunitymonetary sovereignty |
| spellingShingle | Dimitrijević Marko B. On the relativization of central banks' immunity in modern monetary law Zbornik Radova: Pravni Fakultet u Novom Sadu monetary law central bank economic sanctions immunity monetary sovereignty |
| title | On the relativization of central banks' immunity in modern monetary law |
| title_full | On the relativization of central banks' immunity in modern monetary law |
| title_fullStr | On the relativization of central banks' immunity in modern monetary law |
| title_full_unstemmed | On the relativization of central banks' immunity in modern monetary law |
| title_short | On the relativization of central banks' immunity in modern monetary law |
| title_sort | on the relativization of central banks immunity in modern monetary law |
| topic | monetary law central bank economic sanctions immunity monetary sovereignty |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2025/0550-21792501187D.pdf |
| work_keys_str_mv | AT dimitrijevicmarkob ontherelativizationofcentralbanksimmunityinmodernmonetarylaw |