Modern Techniques for Financial Transactions and Their Effects on Currency

The trend towards internationalization, especially in the trade and finance sectors, brings with it an urgent need to know about financial transactions and how they affect currencies. Rapid technological developments are having profound effects on financial transactions, the law and the commercial transactions sustained by that law. The progress in the creation of a single currency for use within the European Community have engendered major controversies over acceptable forms of financial transactions. This work presents the national reports and the general report of the panel on financial transactions which convened at the Athens Conference on Comparative Law, 1994. It reviews the interrelationship between modern techniques for financial transactions and currencies, and the general report ties them all together, as well as distinguishing some common themes in dealing with modern financial transactions.