Relations between International Law and International Political Economy in Monetary and Financial International Institutions (Case study of the International Monetary Fund and the World Bank Group)

Document Type : Original Article

Authors

1 Department of Public International Law, Central Tehran Branch. Islamic Azad University, Tehran, Iran.

2 Department of Economic Law, Faculty of Law, Shahid Beheshti University, Tehran, Iran

Abstract

After World War II, conclusion of monetary and Financial treaties which led to the establishment of monetary and financial institutions such as International Monetary Fund and World Bank Group, linked the relations of international political economy to developments in international law.
This paper is written with a descriptive-analytical approach that examines the relationship between international law and international political economy in that two institutions and hypothesizes that the hegemonic approach of the United States has been played a major role in forming, maintaining and changing norms of the international monetary and financial system. it shows that the Rest of international actors Have been passive position and mainly international norms in the field of money and finance have been decided from top to bottom by the hegemonic power and in some cases with the support of other northern states and international law and its values evolved in line with the menus of international political economy.

Keywords

Political Sociology of Iran
Volume 5, Issue 8
October 2022
Pages 1042-1026

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