In a new study for the Sustainable Finance Lab (SFL), Rens van Tilburg and Aleksandar Simić analyze over 350 years of central banking history. They show that central banks have often helped governments to overcome economic hardships. It provides new arguments for a more proactive monetary policy when it comes to combatting climate change.
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Aleksandar Simić
Money is not metal. It is trust inscribed. And it does not seem to matter much where it is inscribed: on silver, on clay, on paper, on a liquid crystal display.
- Niall Ferguson, The Ascent of Money: A Financial History of the World