The Karst Phenomena of Law in Action

Marco Rossi ()
Additional contact information
Marco Rossi: Managing Partner RR&P, President of the Scientific Committee of the Alma Iura Study Centre

A chapter in Monetary Policy Normalization, 2023, pp 159-172 from Springer

Abstract: Abstract The chapter explores the differences between civil law and common law systems, focussing on their impact on legal systems, financial structures and economic growth. The author discusses how civil law systems are based on rules and the idea of sovereign states, while common law systems prioritise individual rights and property protection. The chapter suggests that common law systems have been considered more efficient and adaptable to economic changes, leading to deeper financial markets. However, it also highlights that the efficiency of legal systems is subjective and depends on various factors. The chapter proposes further research to examine how civil law and common law systems react differently to monetary policies and their influence on output and prices. It also discusses a shift in Italy towards a legal system resembling common law, with an increasing reliance on case law, and the transfiguration of the Roman system. The chapter concludes by emphasising the value of precedent and the potential impact of this trend on the Italian legal system, referring to recent EU law judgements as an example.

Keywords: Civil law; Common law; Sovereign state; Financial markets; Economic growth (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-38708-1_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031387081

DOI: 10.1007/978-3-031-38708-1_8

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().