Resolving international monetary disputes: The alternative mechanisms

The subject of analysis in this paper is to review the possibilities of application and the importance of alternative mechanisms in the resolving of international monetary disputes.In this regard, the focus is on issues related to the Bottle shape opener legal definition of money, the postulates of the state (institutional) and the social theory of money in monetary law and the perception of the important features of monetary disputes.In further text, attention is paid to the comparison of cost and benefits of judicial and arbitration settlement of monetary disputes in the European Monetary Union (in the cases related with the competence of the European Central Bank), where a general conclusion points to the need of creating the prerequisites for application of the alternatives ways for resolving monetary disputes, that are managed in the Battery function of preservation monetary and general economic stability of the EMU member states.