Category Archives: Sustainable Finance

International Reform of the SDR and Domestic Monetary Policy

I would like to inform the group of the work of Jane D’Arista who is particularly experienced at finanical institutional design

Abstract:

This first paper argues that the link between excess liquidity, the buildup in debt, the asset bubbles that debt created and the financial crisis that followed are outcomes of monetary as well as regulatory policy failures; that they reflect a substantial weakening in the Fed’s ability toimplement countercyclical initiatives. It argues that the effectiveness of monetary policy can – and must – be restored and proposes a new system of reserve management that assesses reserves against assets rather than deposits and applies reserve requirements to all segments of the financial sector.

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Readings on the World Bank

During today’s discussion on the World Bank and Civil Society, Jay Pocklington provided the following links:

Jobs report of the World Bank
http://econ.worldbank.org/external/default/main?contentMDK=23044836&theSitePK=8258025&piPK=8258412&pagePK=8258258

Stiglitz on the World Bank
http://www.globalpolicy.org/component/content/article/209/42796.html
http://www.project-syndicate.org/commentary/whose-world-bank-

Towards a common financial language

The following speech by Andy Haldane, Executive Director of Financial Stability at the Bank of England, points out to what might be a prerequisite for a transformative governance of the financial system: a common financial language.

As hinted at by Haldane, such a language shall be nested in a ICT framework. It could for example be a domain-specific language for finance, extending the one described here .

 

Funding the low-carbon transition

In view of the upcoming IASS and GCF Sustainable Finance Workshop which starts tomorrow, Etienne Espagne would like to share this paper on the low-carbon-transition, written with Jean-Charles Hourcade (director of the CIRED) and Baptiste Perrissin-Fabert (CIRED and Commissariat Général au Développement Durable).

It  is very much in line with the scope of the workshop and especially the first session on Friday morning. He would be delighted to discuss it with any interested participant.