While the sovereign debt crisis of the Euro zone raises numerous economic issues that are broadly discussed in public, it also involves a large number of legal questions that are, in contrast, rarely talked about. This is surprising, as the relevant legal implications may predetermine the...

Central banks in developed financial jurisdictions such as the United States, European Union (EU) and United Kingdom (UK) have increasingly explored issuing a central bank digital currency (CBDC). The articulated rationale in policy papers revolve around providing choice in payment systems, but...