Jurisprudential feasibility of civil liability of government assuming devaluation of money due to inflation

Subject Areas : Economic jurisprudence and Banking

mahdi mohagheghian ¹ , Seyed Mohammad Hadi Mahdavi ² , Ahmadreza Tavakoli ³

1 - PhD Student in Law, Najafabad Branch, Islamic Azad University, Najafabad, Iran.
2 - Associate professor , Department of Law, Najafabad Branch, Islamic Azad University, Najafabad, Iran
3 - Corresponding Author Assistant professor, Department of Law, Najafabad Branch, Islamic Azad University, Najafabad, Iran.

Received: 2021-04-15 Accepted : 2022-03-18 Published : 2022-03-18

Keywords: money devaluation, government, private ownership, Inflation, Civil responsibility,

Abstract :

Inflation or continuum and general raise of prices, is depended on different reasons and factors. Sometimes incomes and spending of government are imbalanced and government is forced to commit inflation policies and realizing money in order to protect against the side effects of borrowing from Central Bank, and consequently raise to devaluation of national money. In this regard, from juridical viewpoint it is possible to survey that in such circumstances, is there any way to put the responsibility of compensating of money devaluation and losses of citizens on government or not. It seems that if the pills of civil responsibility are complete, so, appropriate is ready for civil responsibility of government. Because, based on no-losses-rule, harm defeat, causation rule, ownership right and the necessity of compensating lost interests assuming interest conflict, it is possible to put the responsibility for compensating the losses of citizens on government. In other hand, from Jurisprudential view point, there is no constraint for this sentence and therefore, government is force to handle this responsibility, anyway.