Testing the Stufenbau in International Financial Law

This article focuses on a specific area of the writings of Kelsen, reassessed by Paolo Carrozza: the Stufenbau, the pyramidal structure for the ordering of the sources of law. Section One examines the formal, hierarchical theory of the sources of law. Section Two focuses on the practical relevance o...

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Bibliographic Details
Main Author: Bianco, Giuseppe
Format: Article
Language:English
Published: 2019
Subjects:
Online Access:https://dialnet.unirioja.es/servlet/oaiart?codigo=7023333
Source:Estudios de Deusto: revista de la Universidad de Deusto, ISSN 0423-4847, Vol. 67, Nº. 1, 2019, pags. 23-40
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Summary: This article focuses on a specific area of the writings of Kelsen, reassessed by Paolo Carrozza: the Stufenbau, the pyramidal structure for the ordering of the sources of law. Section One examines the formal, hierarchical theory of the sources of law. Section Two focuses on the practical relevance of this theory with regard to hybrid, or private, sources in the field of sovereign debt restructuring law. Section Three examines the emergence of soft law stemming from public authorities, in the area of financial regulation. Received: 11 May 2019Accepted: 21 June 2019Published online: 31 July 2019