Monarchy of Liechtenstein in the context of "Hereditary monarchy"

Liechtenstein (/ˈlɪktənstaɪn/ , LIK-tən-styne; pronounced [ˈlɪçtn̩ʃtaɪn] ; Alemannic German: Liachtaschta), officially the Principality of Liechtenstein (German: Fürstentum Liechtenstein [ˈfʏʁstn̩tuːm ˈlɪçtn̩ʃtaɪn] ), is a doubly landlocked country in the Central European Alps. It is located between Austria to the east and north-east and Switzerland to the north-west, west and south. Formed in 1719, Liechtenstein became fully independent upon the dissolution of the German Confederation in 1866. Liechtenstein is a monarchy headed by the prince of Liechtenstein. Hans-Adam II, Prince of Liechtenstein has reigned over Liechtenstein since 1989. Liechtenstein is Europe's fourth-smallest country, with an area of just over 160 square kilometres (62 square miles) and a population of 41,389. It is the world's smallest country to border two countries, and is one of the few countries with no debt. Its official language is German.

Liechtenstein is divided into 11 municipalities. Its capital is Vaduz, and its largest municipality is Schaan. It is a member of the United Nations, the European Free Trade Association, and the Council of Europe. It is not a member state of the European Union, but it participates in both the Schengen Area and the European Economic Area. It has a customs union and a monetary union with Switzerland, with its usage of the Swiss franc. A constitutional referendum in 2003 granted the monarch greater powers, including the power to dismiss the government, nominate judges and veto legislation.

Vaduz Castle (German: Schloss Vaduz) is the palace and official residence of the Prince of Liechtenstein. The castle gave its name to the town of Vaduz, the capital of Liechtenstein, which it overlooks from an adjacent hilltop.

The House of Liechtenstein (German: Haus Liechtenstein), from which the principality takes its name, is the family which reigns by hereditary right over the principality of Liechtenstein. Only dynastic members of the family are eligible to inherit the throne. The dynasty's membership, rights and responsibilities are defined by a law of the family, which is enforced by the reigning prince and may be altered by vote among the family's dynasts, but which may not be altered by the Government or Parliament of Liechtenstein.

Franz Joseph II (Franz Josef Maria Alois Alfred Karl Johannes Heinrich Michael Georg Ignaz Benediktus Gerhardus Majella; 16 August 1906 – 13 November 1989) was the reigning Prince of Liechtenstein from 25 July 1938 until his death in November 1989.

Franz Joseph was the son of Prince Alois of Liechtenstein and Archduchess Elisabeth Amalie of Austria. He succeeded his childless grand-uncle, Prince Franz I, after his father renounced his right of succession in his favour in 1923. He was an extremely popular sovereign in Liechtenstein. He was the first ruling prince to live full-time in the principality. He also oversaw the economic development of Liechtenstein from a poor agricultural backwater into one of the richest countries (per capita) in the world.