Lieser’s brief book review moves from describing Rasch’s compilation of German foreign-exchange legislation to assessing the limits of statutory texts as practical guidance.
Es handelt sich auch bei diesem Werk um eine Textausgabe.
English translation: This work, too, is an edition of legislative texts.
She identifies its coverage: foreign-exchange management, payment obligations abroad, and guarantees for servicing the Conversion Bank’s debt securities, together with implementing provisions. Her central judgment distinguishes access to legislation from the ability to interpret and apply it. Agreeing with the introduction, she stresses that reproducing texts cannot resolve the interpretive difficulties encountered in practice; important material also remains in administrative instructions to the relevant offices.
Hoffentlich publiziert er bald den versprochenen neuen Kommentar.
English translation: Hopefully he will soon publish the promised new commentary.
This closing wish makes commentary the necessary complement to compilation. The review’s relevance lies in its concise identification of a gap between published law and administrative practice, rather than in any substantive critique of foreign-exchange controls.
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