Short description:

Part of the Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and the environment as central banks wake up to new realities.

Long description:

Part of the Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and the environment as central banks wake up to new realities.

The book examines not only the impact of changes in interest rates on the environment, but also the impact that the environment and climate change have on monetary policy. New green policies are proposed for central banks to implement as they move forward and navigate the pitfalls of climate change.

Scholars and students interested in central banking, monetary policy and the environment will appreciate this take on Central Banking, Monetary Policy and the Environment.

?The editors of this book have produced an amazing book for an equally amazing new series on central banking that could not have come out at a better time. Climate change and environmental issues are at the top of our concerns, and many are wondering what role central banks have to play in this saga. The editors have brought together an incredible list of established and younger scholars alike, from a heterodox perspective. They offer a refreshing analysis of the current situation and dare to offer credible and bold solutions for a green way forward. This book must be on the shelf of every student of economics.?

Table of Contents:

Contents:

Introduction to Central Banking, Monetary Policy and the Environment 1
Louis-Philippe Rochon, Sylvio Kappes and Guillaume Vallet
1 Central banks and the zero-carbon transition: an
institutional challenge 21
Robert Guttmann
2 Monetary policy, environmental sustainability and the
climate emergency 54
Malcolm Sawyer
3 Endogenous money, green finance and central bank power 72
Basil Oberholzer
4 Monetary and financial policies for an ecological
transition: An overview of central banks? actions and some
reflections on post-Keynesian insights 90
Romain Svartzman
5 Environmental change and the international lender of last resort 110
Michel Aglietta and Etienne Espagne
6 Climate change, financial instability and central banking 134
Giada Valsangiacomo
7 Towards an ecological market 154
Wesley C. Marshall
8 Financial regulation, uncertainty and the transition to
a net-zero-carbon economy 175
Josh Ryan-Collins
9 Money and the environment 199
Eric Kemp-Benedict
10 A green mandate: The Central Bank of Nigeria and
sustainable development 218
Salewa Olawoye-Mann
11 Mind the gap: Monetary policy and financial regulations
for supporting green finance 233
Lilit Popoyan and Giorgos Galanis

Index