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Ecological money and finance.Introducing sustainable monetary diversity
International Review of Financial Analysis ( IF 7.5 ) Pub Date : 2024-05-29 , DOI: 10.1016/j.irfa.2024.103383
Raphaël Didier , Thomas Lagoarde-Ségot

This paper introduces a sustainability policy prototype introducing sustainable monetary diversity to attain the Sustainable Development Goals. It first presents a new monetary policy framework to endogenize the creation, circulation, and destruction of complementary currencies. It then analyzes the implications of this new policy setting on a battery of eco-systemic, economic, monetary, and financial variables using Philia 1.0, a new ecological stock-flow consistent model. Simulations report an enhanced capacity for evolution, resilience, and fitness for evolution, lower carbon, energy, and material footprint, and improved financial stability. These findings call for further research on sustainable policy prototypes, and open fresh perspectives for global sustainability policies.

中文翻译:


生态货币和金融。引入可持续的货币多样性



本文介绍了可持续货币多样性以实现可持续发展目标的可持续政策原型。它首先提出了一个新的货币政策框架,以内生化补充货币的创造、流通和销毁。然后,它使用新的生态存量流量一致模型 Philia 1.0 分析了这一新政策设置对一系列生态系统、经济、货币和金融变量的影响。模拟报告显示,进化能力、弹性和进化适应性得到增强,碳、能源和材料足迹减少,金融稳定性得到改善。这些发现需要对可持续政策原型进行进一步研究,并为全球可持续政策开辟新的视角。
更新日期:2024-05-29
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