A Global Leviathan Emerges: The Federal Reserve, COVID-19, and International Law

Daniel D. Bradlow, Stephen Kim Park
2020 American Journal of International Law  
AbstractThe 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
more » ... p norms, standards, and principles to address this gap.
doi:10.1017/ajil.2020.62 fatcat:qzplqcnewfcnzgmx6xue3tilpq