Money Law, Capital, and the Changing Identity of the European Union

This book addresses 3 questions: is money a way to create a European Union identity? If so, which type of identity is this? And in what ways is the EU identity changing? The book brings together experts from a variety of backgrounds and academic approaches to analyse the law of money and payments on the one side, and the law of capital and investments on the other.

The book is divided into 2 parts. Part I covers scriptural, electronic, and digital money. It analyses the European framework for payment services users, explores limits and challenges of the Banking Union, and looks at the project for a digital euro. Part II investigates the policy and regulatory drivers of the EU's changing identity, from the early modern roots of the European law of money and capital to the regulatory strategy set in the Capital Markets Union and the role conferred on venture capital; from the fintech-based developments of payment systems to the newly-established fiscal and monetary policies in the post-COVID phase.

The book will be of interest to researchers, academics and policy makers in the fields of law and regulation, as well as political economy and political sciences.

1. The Life of EU Money: Value, Credit and Capital as Societal Processes
Valentino Cattelan (Birmingham City University, UK; IE Business School, Spain)
2. Monetary Identity of the EU and The Drivers of Regulatory Change
Gabriella Gimigliano (University of Siena, Italy)

Part I: The Changing Matter of EU Money

3. EU Law of Money and the Payment Service Consumers: Miles Done and the Challenges Ahead
Gabriella Gimigliano (University of Siena, Italy)
4. The Interplay Between the Framework for Payment Services and Data Protection: a Piece of European Community Identity
Malgorzata Cyndecka (University of Bergen, Norway)
5. Boosting Economic Growth in Europe with Help of Technology: Innovation and the Role of FinTechs in Payments
Ruth Wandhöfer (Chair of the Payment Systems Regulator Panel, UK)
6. A Substitute Without Substitute: Cash Money, Digital Euros, and the Shifting Futures of Currency Communities
Ursula M Dalinghaus (Ripon College, USA)
7. Thinking of the Digital Euro as Legal Tender
Gian Luca Greco (University of Milan 'Statale', Italy) and Vittorio Santoro (University of Siena, Italy)
8. The Approximation of National Banking Law in the European Banking Union
Maria Elena Salerno (University of Siena, Italy)
9. The Banking Union in the Aftermath of the COVID-19 Pandemic: An Incentive to Finalise the Project?
Marco Bodellini (Queen Mary University of London, UK)

Part II: The Energy of Credit and Capital

10. The Progressively Increasing Relevance of Commercial Partnerships' Monetary Capital in Early Modern Europe
Luisa Brunori (University of Lille, France)
11. Towards European Venture Capital? A Proposal for More State Involvement in Venture Capital to Foster Inclusive and Green Growth and European Community
Johannes Lenhard (University of Cambridge, UK) and Leo Rees (Milltown Partners LLP, UK)
12. Building an EU Venture Capital Market: What about Corporate Law?
Casimiro a Nigro (Goethe University, Germany) and Alperen A Gözlügöl (Leibniz Institute for Financial Research, Germany)
13. Policy Coherence for Corporate Sustainability in the EU: Can We Achieve Sustainable Corporate Governance Without Sustainable Finance?
Alexandra Andhov (University of Copenhagen, Denmark) and Lela Mélon (Pompeu Fabra University, Spain)
14. Fintech in Luxembourg: A new risk-management approach
Marc Pilkington (Epoka University, Albania)
15. Some Thoughts on the Uneasy Fit Between the ECB's Legal Mandate and its Crisis-Driven, 'Whatever it Takes', Policy Empowerment
Marta Božina Beroš (Juraj Dobrila University of Pula, Croatia) and Marin Beroš (Ivo Pilar Institute for Social Sciences, Croatia)