Sacred Euro: Sovereign Debt(s) and EU’s Bare Credit in the Corona Crisis

Cattelan, Valentino (2020) Sacred Euro: Sovereign Debt(s) and EU’s Bare Credit in the Corona Crisis. In: In the Realm of Corona Normativities. A Momentary Snapshot of a Dynamic Discourse. Verlag Vittorio Klostermann. ISBN ‎ 9783465045311

Cattelan_Sacred Euro_Book chapter_AAM_6June2020.pdf - Accepted Version

Download (342kB)


Far from being a neutral medium of exchange, money affects the daily practice of our economic dealings while being intrinsically connected to the whole of legal, social, and political interactions of the community to which we belong. In this light money enjoys its own morality, where voluntary customary usage (‘moral’ from the Latin mos, ‘manner, custom’) is backed by the subsistence of a normative order, a nomos: the former and the latter being collectively practiced, shared and endorsed in a certain social group. Hence, sovereign power (the beholder of the law) can hardly posit the use of ‘fiat money’ by decree when mechanisms of inflation, mistrust, recession or even depression are in action.

Item Type: Book Section
1 September 2020Published
Subjects: CAH16 - law > CAH16-01 - law > CAH16-01-01 - law
Divisions: Faculty of Business, Law and Social Sciences > School of Law
Depositing User: Valentino Cattelan
Date Deposited: 21 Jul 2021 12:02
Last Modified: 12 Jan 2022 14:08

Actions (login required)

View Item View Item


In this section...