A global leviathan emerges : the Federal Reserve, COVID-19, and international law

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Authors

Bradlow, Daniel David
Park, Stephen Kim

Journal Title

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Publisher

Cambridge University Press

Abstract

The COVID-19 pandemic highlights the importance of the Federal Reserve as a leading actor in global economic governance. As a creature of U.S. domestic law with an international presence and operational independence, the Fed wields authority without a well-defined international legal status, international legal standards to guide its conduct, or accountability to those around the world affected by its decisions. This Essay explores three conceptual approaches that could be used to develop norms, standards, and principles to address this gap.

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Keywords

COVID-19 pandemic, Coronavirus disease 2019 (COVID-19), Federal Reserve, International law, Global economic governance

Sustainable Development Goals

Citation

Bradlow, D.D. & Park, S.K. A global leviathan emerges: the Federal Reserve, COVID-19, and international law. American Journal of International Law , Volume 114 , Issue 4 , October 2020 , pp. 657-665. DOI: https://doi.org/10.1017/ajil.2020.62.