The European Central Bank As A Sustainability Role Model

Author : Harald Bolsinger
Publisher : Springer Nature
ISBN 13 : 3030554503
Total Pages : 88 pages
Book Rating : 4.07/5 ( download)

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Download or read book The European Central Bank as a Sustainability Role Model written by Harald Bolsinger and published by Springer Nature. This book was released on 2020-10-22 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines selected actions and investments of the European Central Bank (ECB) from a climate and sustainability standpoint. Shedding new light on the topic from various angles – ethical, philosophical, political, economical and legal – it situates sustainability mainstreaming in the finance and investment field at all levels. The former ECB President Mario Draghi once said that he considered sustainable development and an intact environment to be human rights, and therefore enshrined in the EU Charter of Fundamental Rights. The acting ECB President Christine Lagarde added that the future path for the climate is uncertain, but it would remain within our power to influence it. However, with all that in mind the ECB’s policy of buying assets as securities is often questionable. This volume analyzes these actions in connection with sustainability, and puts forward practical recommendations for improving the ECB’s investment strategy on its way creating a sustainable financial market.

Author : Harald Bolsinger
Publisher :
ISBN 13 : 9783030554514
Total Pages : 0 pages
Book Rating : 4.11/5 ( download)

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Download or read book The European Central Bank as a Sustainability Role Model written by Harald Bolsinger and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines selected actions and investments of the European Central Bank (ECB) from a climate and sustainability standpoint. Shedding new light on the topic from various angles - ethical, philosophical, political, economical and legal - it situates sustainability mainstreaming in the finance and investment field at all levels. The former ECB President Mario Draghi once said that he considered sustainable development and an intact environment to be human rights, and therefore enshrined in the EU Charter of Fundamental Rights. The acting ECB President Christine Lagarde added that the future path for the climate is uncertain, but it would remain within our power to influence it. However, with all that in mind the ECB's policy of buying assets as securities is often questionable. This volume analyzes these actions in connection with sustainability, and puts forward practical recommendations for improving the ECB's investment strategy on its way creating a sustainable financial market.

Author : Harald J. Bolsinger
Publisher : Springer Nature
ISBN 13 : 3031244788
Total Pages : 136 pages
Book Rating : 4.80/5 ( download)

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Download or read book The European Central Bank and Its Role in a Sustainable Finance System written by Harald J. Bolsinger and published by Springer Nature. This book was released on 2023-04-20 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the new strategic decisions of the European Central Bank. Contributors from different fields examine especially the sustainability strategy of the ECB: What role can the European Central Bank play in fighting climate change? ECB President Christine Lagarde has repeatedly confirmed that the central bank wants to play a role in coping with climate change. What will this role be? What instruments does the ECB have to make a difference in challenges such as the defossilization of the economy and transport, biodiversity, the energy transition, resource consumption and other sustainability areas? Is it entitled or obliged to go beyond the classic mandate of maintaining price stability? The volume includes contributions from academics and practitioners from the financial sector, civil society and institutions involved at European level.

Author : Nele Braun
Publisher : GRIN Verlag
ISBN 13 : 3346392090
Total Pages : 57 pages
Book Rating : 4.91/5 ( download)

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Download or read book The role of the European Central Bank in a sustainable financial system written by Nele Braun and published by GRIN Verlag. This book was released on 2021-04-21 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2020 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, University of Applied Sciences Darmstadt, language: English, abstract: To pursue a sustainable financial system, it will be essential to involve the financial sector, as well as its participants and authorities. This thesis discussed the role the European Central Bank could play in a transition towards a sustainable financial system. It outlined how climate-related risks can spread to the financial system and why central banks are concerned of them. While introducing possible instruments for a proactive role of the ECB in different policy areas, the thesis also pointed out the restrictions and risks of the ECB to engage. Next to the possible endangering of their institutional independence, the mandate of the ECB was investigated.

Author : Andreas Dombret
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110752921
Total Pages : 278 pages
Book Rating : 4.22/5 ( download)

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Download or read book Green Banking and Green Central Banking written by Andreas Dombret and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-10-11 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The books deals with the questions that really matter for green finance: Where will the money to finance the transition to a low carbon environment come from, how far do the banks’ balance sheets stretch and where will the rest of the money come from? How much can we rely on the capital markets, especially in the EU, to get money to the parts of the economy which really need it, without greenwashing? How do governments organize not just a transition, but a just transition to a low carbon environment? Is it time to revisit received ideas about the proper role for central banks?

Author : Dariusz Adamski
Publisher : Cambridge University Press
ISBN 13 : 1009364669
Total Pages : 974 pages
Book Rating : 4.69/5 ( download)

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Download or read book The Cambridge Handbook of European Monetary, Economic and Financial Integration written by Dariusz Adamski and published by Cambridge University Press. This book was released on 2023-10-12 with total page 974 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by experts in the field, this volume offers an in-depth and forward-looking legal, economic, and political science analysis of the rationale, main features, as well as the shortcomings of European economic, monetary, and financial integration. It is primarily intended for an academic audience and policymakers.

Author : Helmut Siekmann
Publisher : Bloomsbury Publishing
ISBN 13 : 1509918973
Total Pages : 1536 pages
Book Rating : 4.73/5 ( download)

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Download or read book The European Monetary Union written by Helmut Siekmann and published by Bloomsbury Publishing. This book was released on 2021-12-23 with total page 1536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a commentary on the law of the EU related to the Monetary Union. It contains a comprehensive analysis of all provisions of the Statute of the European System of Central Banks (ESCB) and the European Central Bank (ECB). In addition, the book also analyses all provisions of the Treaties themselves which regulate the ESCB and the ECB. This analysis is supplemented by commentaries on other Protocols which contain relevant rules for the Monetary Union. In essence, all relevant statutory rules governing the euro and its key monetary authority, the European Central Bank, are unfolded and explained in one volume. This gives the book a unique position in the legal literature on the law of the EU. With contributions by renowned academics and practitioners, this book is an expanded and updated translation of the 2013 German commentary, EWU Kommentar zu Europäischen Währungsunion (Mohr Siebeck) and is an invaluable resource for practitioners and academics alike who are looking for a provision-by-provision commentary on the laws governing the European Monetary Union.

Author : Hanif Rahimy
Publisher : GRIN Verlag
ISBN 13 : 3346410501
Total Pages : 47 pages
Book Rating : 4.04/5 ( download)

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Download or read book The European Central Bank and Green Interaction. The Role of Christine Lagarde written by Hanif Rahimy and published by GRIN Verlag. This book was released on 2021-05-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2020 in the subject Economics - International Economic Relations, grade: 1,3, Carl von Ossietzky University of Oldenburg, language: English, abstract: This paper discusses the question, how Christine Lagarde wants to reorient the ECB's strategy and find answers to how the European Central Bank (ECB) could react to future developments such as climate change and if that is possible. In 2015, 190 parties have committed themselves to the Paris Agreement. This agreement aims to limit global warming to well below 2 degrees. Climate change is one of the greatest challenges of our time and many nations have drawn up their own climate protection plans to limit their emissions. However, since climate change is a global challenge, international cooperation is more effective, if not necessary. In December 2019, EU Commission President Ursula von der Leyen proved her commitment to environmental friendliness by announcing the European Green Deal in terms of which no more net greenhouse gas emissions are to be released in the EU by 2050. Von der Leyen is supported by the President of the European Central Bank (ECB) Christine Lagarde. But does the ECB commit ultra vires in the process?

Author : Koen Byttebier
Publisher : Springer Nature
ISBN 13 : 3031388372
Total Pages : 469 pages
Book Rating : 4.78/5 ( download)

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Download or read book Ethics of Socioeconomics written by Koen Byttebier and published by Springer Nature. This book was released on 2023-10-10 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyzes socioeconomic through the lens of a lawyer. In the past decade the world has witnessed some severe financial and economic crises, especially the financial crisis of 2007-2008 and the crisis caused by the COVID-19 pandemic. The author states that the socio-economic order has in the past four to five decades been thoroughly redesigned, generally favouring models that prioritize the free market over the public interest or even, more generally, government operation. He works out that during four to five decades, globalized, capitalist societies are facing a multiplicity of fundamental problems, such as: (1) increasing debt that severely burdens both the private and public sectors; (2) persistent poverty and an ever-increasing polarization between rich and poor, in addition to (3) intractable environmental problems that, fifty years after the Club of Rome's report entitled ‘Limits to growth’ (1972), has dragged the world into what in recent years has been referred to as "climate change." The book explains why all this is the direct result of value choices made from the late Middle Ages onwards, when in the Western world the societal models of that time were increasingly abandoned for a societal model that came to rely on the primacy of economic interests. The book not only subjects the ethical choices but also examines various problems it has caused and probes for possible ways out. This is an open access book.

Author : Jörg Bibow
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.78/5 ( download)

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Download or read book Pushing the Limits written by Jörg Bibow and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Central Bank (ECB) is a special, even unique central bank. It is a central bank without a treasury by its side or a state behind it, just as the euro, Europe's common currency that the ECB is tasked with guarding, is a 'denationalised' currency. The euro area is a rare exception to the global 'one state, one currency' rule. But the ECB is not the only central bank in the euro area. Rather, the ECB is designed as the headquarters (or perhaps 'cockpit') of the Eurosystem, the system of European central banks that also includes the national central banks (NCBs) of European Union (EU) member countries that have adopted the euro as their common currency. The euro has failed to deliver on its promises. While the euro area's performance during the euro's first decade was mediocre, things turned truly dismal when the global financial crisis of 2007-2009 struck. In contrast to the rest of the world, which started to recover from the crisis in 2010, the euro area suffered a 'double-dip' recession. Only since 2013 has the euro currency union experienced a fragile, uneven and incomplete revival. This study evaluates the ECB's unconventional monetary policies and its role as euro crisis manager under Mario Draghi's presidency, exploring the options available for adding further monetary policy stimulus going forward. As the euro's central bank guardian, the ECB has been a central force throughout the crisis and its aftermath. Many observers would argue that among the euro area authorities the ECB stands out as the most constructive. ECB president Mario Draghi's famous 'whatever it takes' declaration in July 2012 stopped the escalating crisis and marked a critical turning point. As the euro area's uneven growth slowed markedly in 2018-2019 and the recovery increasingly appeared at risk of unravelling, all eyes once again turned to the ECB to come up with another 'whatever it takes' attack-plan to restore the positive momentum and keep the recovery alive. The ECB duly delivered a fresh monetary stimulus programme in autumn 2019, prompting new controversies, especially in Germany. But how much ammunition does the ECB really have left? Will it be enough to restore sustainable growth and save the euro for good?