Formulation of Appropriate Laws: A New Integrated Multidisciplinary Approach and an Application to Electronic Funds Transfer Regulation

Descriere

Efficient laws have profound positive social, economic, political and welfare effects. This book develops a new approach to the formulation of efficient laws with an illustrative application to electronic fund transfer regulation in Australia. Fragmented approaches to the formulation of laws, such as comparative law analysis and welfare economic analysis of laws, exist in the existing literature which are affected by laws is necessary in formulating efficient, socially desirable laws. In this book, an integrated approach that embeds these two approaches as well as other considerations of other dimensions of human welfare is developed. This approach can be applied to formulate efficient laws, irrespective of social, political and economic organizations of the country under study, which maximize social welfare of the country.

• Cost benefit analysis
• EFT laws
• Financial law
• Formulation of laws
• Multi-disciplinary approach