Stabilità monetaria e valute digitali: il ruolo del Fondo Monetario Internazionale

Giulio Peroni

doi:10.54103/milanoup.313

Stabilità monetaria e valute digitali: il ruolo del Fondo Monetario Internazionale

Authors

Giulio Peroni

University of Milan

DOI: https://doi.org/10.54103/milanoup.313.c793

Synopsis

The essay examines the relationship between monetary sovereignty, international monetary stability, and digital currencies, with particular attention to the role of the International Monetary Fund. Monetary sovereignty remains an original power of the State, but in the post-Bretton Woods system its exercise is constrained by cooperation obligations aimed at ensuring exchange rate and price stability. The paper also analyzes currency dumping as a practice that distorts international trade, highlighting the weakness of the legal instruments available to repress it. Finally, it addresses cryptocurrencies and CBDCs, stressing the risks they pose to global financial stability and the strategic importance of public regulation of digital currencies.

Author Biography

Giulio Peroni, University of Milan

Full Professor of International Law at the University of Milan. Holder of the Jean Monnet Chair “The Future of Money and Finance – Futmofin,” he has taught International Law at the Free University of Berlin, and International and European Trade Law at the University of Geneva, Queen Mary University of London, and the Universities of Coimbra and Seville. He was also a Visiting Fellow, supported by a fellowship from the host institution, from 2014 to 2016 and again in 2023, at the Max Planck Institute for Public International Law in Heidelberg and the Max Planck Institute for Private International Law in Hamburg. He is also a member of the editorial boards of several legal journals and the author of numerous publications in the fields of public and private international law, as well as European Union law, published by leading academic presses in the field.