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Financing our futureunveiling a para...

Brunnhuber, Stefan.

Financing our futureunveiling a parallel digital currency system to fund the SDGs and the common good /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Financing our futureby Stefan Brunnhuber.
Reminder of title:	unveiling a parallel digital currency system to fund the SDGs and the common good /
Author:	Brunnhuber, Stefan.
Published:	Cham :Springer International Publishing :2021.
Description:	xliii, 219 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Monetary policy.
Online resource:	https://doi.org/10.1007/978-3-030-64826-8
ISBN:	9783030648268$q(electronic bk.)

Financing our futureunveiling a parallel digital currency system to fund the SDGs and the common good /
Brunnhuber, Stefan.

Financing our futureunveiling a parallel digital currency system to fund the SDGs and the common good /[electronic resource] :by Stefan Brunnhuber. - Cham :Springer International Publishing :2021. - xliii, 219 p. :ill., digital ;24 cm.

Chapter 1. A New Narrative for the Anthropocene Era -- Chapter 2. Beyond the Mantra of Traditional Finance -- Chapter 3. Western Thinking at its Best -- Chapter 4. Unleashing the Sleeping Giant - Discovering New Ground and Starting the Dance of the TAO -- Chapter 5: The TAO of Finance -- Chapter 6. New Symmetries - The Future has a History or a Path with a Heart.

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. The book argues that one way this could be achieved is by giving central banks a modified monetary mandate to inject new liquidity into the system using a top-down approach. Alternatively, liquidity could come from corporate or communal initiatives with crypto- or communal currencies in a bottom-up approach. The author maintains that by issuing a blockchain-enabled parallel electronic currency earmarked for SDG-related projects and using other channels for monetary flow rather than the conventional ones, the future could be financed in a different manner. In the long run, abandoning our current monetary monoculture and introducing a monetary ecosystem would stabilize international financial markets, increase monetary regulatory efforts, reduce negative externalities, create a social Pareto optimum and stabilize democracies. This book presents, in the same spirit as Fritjof Capra's The Tao of Physics, a Tao of finance-an outside-of-the-box approach to financing global common goods.

ISBN: 9783030648268$q(electronic bk.)

Standard No.: 10.1007/978-3-030-64826-8doiSubjects--Topical Terms:

182879
Monetary policy.

LC Class. No.: HG1710 / .B786 2021

Dewey Class. No.: 332.4

Financing our futureunveiling a parallel digital currency system to fund the SDGs and the common good /
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300 $a xliii, 219 p. : $b ill., digital ; $c 24 cm.
505 0 $a Chapter 1. A New Narrative for the Anthropocene Era -- Chapter 2. Beyond the Mantra of Traditional Finance -- Chapter 3. Western Thinking at its Best -- Chapter 4. Unleashing the Sleeping Giant - Discovering New Ground and Starting the Dance of the TAO -- Chapter 5: The TAO of Finance -- Chapter 6. New Symmetries - The Future has a History or a Path with a Heart.
520 $a 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. The book argues that one way this could be achieved is by giving central banks a modified monetary mandate to inject new liquidity into the system using a top-down approach. Alternatively, liquidity could come from corporate or communal initiatives with crypto- or communal currencies in a bottom-up approach. The author maintains that by issuing a blockchain-enabled parallel electronic currency earmarked for SDG-related projects and using other channels for monetary flow rather than the conventional ones, the future could be financed in a different manner. In the long run, abandoning our current monetary monoculture and introducing a monetary ecosystem would stabilize international financial markets, increase monetary regulatory efforts, reduce negative externalities, create a social Pareto optimum and stabilize democracies. This book presents, in the same spirit as Fritjof Capra's The Tao of Physics, a Tao of finance-an outside-of-the-box approach to financing global common goods.
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650 0 $a Sustainable development. $3 177699
650 0 $a Digital currency. $3 867514
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650 2 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 731063
650 2 4 $a Economic Growth. $3 274406
650 2 4 $a Financial Engineering. $3 744568
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950 $a Economics and Finance (SpringerNature-41170)