Corsi di Studio del Dipartimento di Giurisprudenza

The Jurisprudence of Finance

Anno accademico 2012/2013

Sommario insegnamento

• Programma
• Testi consigliati e bibliografia
• Note
• Strumenti didattici

Programma

Monetization of social relations is the main pillar of the global and globalized economy in its

present form and shape.The financial system is therefore at the basis of globalization efforts. "Finance" became the core of economics, the "practical" "science" around which much academic discourse evolved.

One would assume that the current crisis would present these elements of the empire of

monetization - finance, the financial system and global monetization - in a new light. And it

would seem honest to question the institutional framework and the normative grammar of

the system as a whole.

Most importantly, it seems about time that the legal bases and the foundation of finance in

jurisprudence are being understood as fertile ground for critique and programmatic debate.

Yet, so far, the role of law as the force constituting the institutions, the material and the

actors in the world of finance, has been mostly neglected.

This course proposes an outlook on finance, informed by jurisprudence and legal analysis. It

also suggests a level of dogmatic analysis and proposes an interpretation of practices of

finance through case studies. Last but not least, it will look at the public and the private law

framework of international and global finance.

The course will be structured as follows:

Money as debt

(l) Property and debt;

(2) Debt and money;

(3) The asset at the basis of money, money as asset: contracts;

(4) Contracts as property, future income: the monetization of property;

(5) Derivatives as assets for the generation of money;

Money as a public institution

(1) Money and taxation;

(2) Banks;

(3) Chartalist views of money;

(4) Banks and Central Banks;

(s) Commercial banks and investment banks;

(6) Regulated banks and shadow banks;

The new constituens

(1) Financial markets;

(2) Unregulated pillars of the system: rating agencies;

(3) The EU as lender and broker of last resort;

(4) The European Stability Mechanism: financial markets as constituting elements for a

European order.

Students will be asked to read materials in preparation of classes. These materials will

constitute of laws, regulations, case studies, chapters of books, articles and papers. It is

anticipated that students will have to master 20 to 30 pages of reading materials per

teaching unit.

The reading materials will be made available in copied form by way of a drop box or through

the website of the University.

Note

Il corso, da 6 cfu, riconosce anche 3 cfu di Lingua straniera.

Calendario provvisorio delle lezioni (ogni lunedì dalle 9 alle 12 e ogni venerdì dalle 13 alle 16):

08 (venerdì); 11 (lunedì); 15 (lunedì); 25 (lunedì); 29 (venerdì) marzo;

5 (venerdì); 8 (lunedì); 12 (venerdì); 15 (lunedì); 19 (venerdì); 22 (lunedì); 26 (venerdì); 29 (lunedì) aprile;

17 (venerdì); 20 (lunedì) maggio.

Aula 9 - edificio D4 - II piano (ingresso dal piano terra dell'edificio D3).

NB. Il calendario delle lezioni potrebbe subire delle variazioni che saranno comunicate dal docente a lezione.

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