Preventive Law: Is Money the Obstacle?

Money laundering—a global obstacle

One of the biggest obstacles to maintaining an effective operating international financial system is money laundering. A global phenomenon and international challenge, money laundering is a financial crime that often involves a complex series of transactions and numerous financial institutions across many foreign jurisdictions. In addition, money laundering is also extremely difficult to invest...

Where is health law going?: follow the money.

IN LATE AUGUST 2003, the Minnesota Supreme Court rendered an important health law decision placing the ultimate cost of liability for silicon breast implants on more than twenty-five insurance companies for the manufacturer, 3M, rather than on the manufacturer itself. 1 In rendering this decision, the court was required to address the question ofwhen the plaintiffs' causes of action accrued, an...

Is “teaching” an obstacle to “research”?

Introduction. Regarding the role of research in developing and improving a better culture, society and economics, 95% to 97% world finance in research belongs to developed countries while only 3%-5% to developing countries. Although the universities as the major organizations are to do research works, it seems that there are some problems to bring this true. We tried to find out if a load of t...

Book Review: Money in the Law

“ Money ” is the Reserves not the Money ∗

In this paper I will argue that the institutional implementations that we commonly include in our monetary aggregates are actually more similar to the concept of monetary base. I will also argue that the institutional implementation of accounts payable operates as money. This slightly translated definition implies that a new monetary aggregate that includes accounts payable may be useful for co...