The European Central Bank as a sustainability role model

• Titel: The European Central Bank as a sustainability role model
• Titelzusatz: philosophical, ethical and economic perspectives
• Mitwirkende: Bolsinger, Harald [HerausgeberIn]
• Mitwirkende: Hoffmann, Johannes [HerausgeberIn]
• Mitwirkende: Villhauer, Bernd [HerausgeberIn]
• Körperschaft: Nachhaltiges Europa: Die EZB als Kardinalfehler? <Veranstaltung, 2019, Frankfurt am Main> [VerfasserIn]
• Verf.angabe: Harald Bolsinger, Johannes Hoffmann, Bernd Villhauer (editors)
• Verlagsort: Cham
• Verlag: Springer
• E-Jahr: 2021
• Jahr: [2021]
• Umfang: vii, 83 Seiten
• Gesamttitel/Reihe: Sustainable finance
• Fussnoten: Literaturangaben ; "The expert panel meeting on October 29, 2019, at Goethe University was preceded by Petition 429/2017 submitted by economic ethicist Harald Bolsinger to the Committee on Petitions of the EU Parliament ... This concern was discussed and made transparent in our expert panel discussion "A Sustainable Europe: The ECB as a cardinal mistake?" We also publicly pointed out the ECB's responsibility to adhere to the ethical and social principles of the EU in their economic policy implementation. In this respect, the Frankfurt conference brought together philosophical, economic, legal, and political arguments which we present to a wider audience in this publication." - Seite v
• ISBN: 978-3-030-55449-1
• ISBN: 978-3-030-55452-1
• DOI: doi:10.1007/978-3-030-55450-7
• Schlagwörter: (k)Europäische Zentralbank / (s)Makroökonomie / (s)Nachhaltigkeit
• Dokumenttyp: Konferenzschrift
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Online-Ausgabe: The European Central Bank as a Sustainability Role Model. - 1st ed. 2021.. - Cham : Springer International Publishing, 2021. - 1 Online-Ressource(VII, 83 p. 2 illus.)
• RVK-Notation: QK 900
• RVK-Notation: QM 333
• K10plus-PPN: 1727977432

Abstract

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.

Abstract

Where do we stand when it comes to Sustainable Financial Markets? -- Ethical Standards beyond Monetary Policy: Approaches to a Philosophical Foundation -- Fundamental rights in the core business of the ECB: No issue?! Experience with the EU petition 429/2017 -- On the role of the ECB in sustainable finance -- Legal approaches to encouraging the ECB to comply with human rights aspects when establishing the list of marketable assets -- Central Banks in Europe: On the Road to more Sustainability.