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Book synopsis

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.

Book details

Book category Books in English Economics, finance, business & management Economics Development economics & emerging economies

• Full title: Financing Our Future
• Subtitle: Unveiling a Parallel Digital Currency System to Fund the SDGs and the Common Good
• Author: Stefan Brunnhuber
• Language: English
• Binding: Paperback
• Number of pages: 221
• EAN: 9783030648282
• ID: 38892128
• Publisher: Springer Nature Switzerland AG
• Weight: 397 g
• Dimensions: 235 × 155 × 15 mm
• Date of publishing: 15. April 2022

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