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Frontiers of Law in China

ISSN 1673-3428

ISSN 1673-3541(Online)

CN 11-5742/D

Postal Subscription Code 80-981

Front Law Chin    2010, Vol. 5 Issue (4) : 580-599    https://doi.org/10.1007/s11463-010-0112-2
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Conflicts and Coordination between the Right to Issue US Dollars as International Currency and the Protection of International Human Rights
Yunbo Song()
School of Law, Hunan Normal University, Changsha 410081, China
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Abstract

In the existing global financial system, the US private central bank controls the right to issue international currency, while the rest of the world have to involuntarily leave their destiny to such system. In the current financial crisis, American government evaded and deviated from due regulation. It is virtually a robbery of other countries as well as a serious infringement upon international human rights. In such a situation, other countries should stick to the international community standard and the protection of international human rights to fairly distribute the interest deriving from the right to issue international currency, and establish a monetary exchange mechanism; or abide by the principle of “one world, one currency” and accordingly come up with a common international currency, or form a monetary union to safeguard the economic sovereignties; or enhance the due position, rights and interest of the developing economies in the existing international financial system; or strengthen efforts in reforming and building the regime of international financial regulation to prevent people’s legitimate property, rights and interest from being infringed.

Keywords issue international currency      international human rights      US dollars      conflict      coordination     
Corresponding Author(s): Yunbo Song,Email:syb118@126.com   
Issue Date: 05 December 2010
 Cite this article:   
Yunbo Song. Conflicts and Coordination between the Right to Issue US Dollars as International Currency and the Protection of International Human Rights[J]. Front Law Chin, 2010, 5(4): 580-599.
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https://academic.hep.com.cn/flc/EN/10.1007/s11463-010-0112-2
https://academic.hep.com.cn/flc/EN/Y2010/V5/I4/580
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