Financing Our Future

Name: Financing Our Future
Brand: Springer Nature Switzerland AG
SKU: 9783030648282
Price: 137.15 RON
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Unveiling a Parallel Digital Currency System to Fund the SDGs and the Common Good

Autor: Stefan Brunnhuber

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Legare: Carte broșată

Editura: Springer Nature Switzerland AG

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The monetary system is the indispensable missing link in the debate of sustainability, and whether t...

Informații despre carte

Autor

Stefan Brunnhuber

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2022

Pagini

221

EAN

9783030648282

Enbook ID

38892128

Editura

Springer Nature Switzerland AG

Greutate

397

Dimensiuni

155 x 235 x 15

Descriere completă

The monetary system is the indispensable missing link in the debate of sustainability, and whether the current financial system can handle these evolved needs. To date, the UN Sustainable Development Goals (SDGs) primarily have been financed either through the private sector, through conventional public sector taxes and fees, or through philanthropic commitment. Assuming a need of 4 to 5 trillion dollars annually in the 10 to 15 years left to finance our future, these conventional sources of finance are insufficient in terms of both the scale and speed of funding required to finance our future. Furthermore, the inherent instability of our financial system forces the world community to focus first and foremost on repairing and stabilizing the existing system.The development of cryptocurrencies using distributed ledger technologies (mainly blockchain) has prompted leading central banks to study the potential application of this approach to independently create purchasing power. In this vein, this book offers a new approach, namely introducing a parallel electronic currency specifically designed to finance global common goods and provide the resources necessary to achieve the SDGs. Furthermore, this mechanism would have a stabilizing effect on the existing monetary system.

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Financing Our Future

Unveiling a Parallel Digital Currency System to Fund the SDGs and the Common Good

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Descriere completă

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