Theoretical and Institutional Consideration of Financial Constitution Based on Money

2018 Fiscal Year Final Research Report

• Project/Area Number: 16K16985
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Public law
• Research Institution: Osaka University
• Principal Investigator: KATAGIRI NAOTO 大阪大学, 高等司法研究科, 准教授 (40452312)
• Project Period (FY): 2016-04-01 – 2019-03-31
• Keywords: 財政運営ルール / 通貨制度 / 中央銀行 / 仮想通貨 / マクロ・バジェッティング / 財政憲法 / 通貨憲法 / 貨幣国家

Outline of Final Research Achievements

In this research, focusing on how the public finance is influenced by monetary constitution, I studied legal systems which are relevant to central banking system, government bond issue system, and budget system. My conclusions are (1)it is a constitutional requirement that money exerts an appropriate function, and that a central banking system is to be a system for that purpose; (2)the cryptocurrency, which may replace existing money, should also provide constitutional value for its mechanism, (3) the issue amount of government bonds is closely related to the monetary system, (4) constitutional research on the control of deficit is still insufficient.

Free Research Field

憲法学

Academic Significance and Societal Importance of the Research Achievements

研究の学術的成果としては、財政憲法論に、①貨幣国家という視点を導入したこと、②従来よりも財政を広く捉える議論の構築可能性を示したこと、③財政を取り巻く環境を考察の対象として取り込んだこと、④憲法85条の解釈論を刷新し、もって、財政赤字を統制する法的ルールの理解を深めたことがあげられる。
社会的意義としては、近年注目を集める、財政赤字、ビットコインなどのテーマに関して、憲法学の観点から、新たな知見を供給したことがあげられる。