Testing the Stufenbau in International Financial Law

  • Giuseppe Bianco Banca d’Italia
DOI: https://doi.org/10.18543/ed-67(1)-2019pp23-40
Keywords: Kelsen, Constitutional Law, sovereign debt, financial regulation

Abstract

This article focuses on a specific area of the writings of Kelsen, reassessed by Paolo Carrozza: the Stufenbau, the pyramidal structure for the ordering of the sources of law. Section One examines the formal, hierarchical theory of the sources of law. Section Two focuses on the practical relevance of this theory with regard to hybrid, or private, sources in the field of sovereign debt restructuring law. Section Three examines the emergence of soft law stemming from public authorities, in the area of financial regulation. 

Received: 11 May 2019
Accepted: 21 June 2019
Published online: 31 July 2019


 

 

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Author Biography

Giuseppe Bianco, Banca d’Italia

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Published
2019-07-31
How to Cite
Bianco, Giuseppe. 2019. “Testing the Stufenbau in International Financial Law”. Estudios De Deusto 67 (1), 23-40. https://doi.org/10.18543/ed-67(1)-2019pp23-40.
Issue
Vol. 67 No. 1 (2019)
Section
Special Issue

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