Abstract
This chapter argues that current international financial law is largely toothless and dangerously underdeveloped. The sea change in international finance since 1990 seems to have bypassed the public international law of finance and international financial lawyers. Despite dazzling growth in global capital markets, international financial law has barely changed over the last decades. Because of close interrelation between the international trade and monetary sphere, international financial law is the weak cousin of WTO law.
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