The green peace coin: how green currencies can help address the polycrisis

By Aleksandar Simic, Rens van Tilburg and Frans van Gansbeke.

What do the wildfires in Texas and Canada, floods in Kenya and Brazil, debt crises in emerging economies and growing global unease with the dominant position of the US dollar have in common? It might just be their solution through monetary policy innovation. More specifically, a new reserve currency, backed by the global commons, could provide a way out of the present polycrisis of climate change-, biodiversity loss, and shifting geopolitical and financial tectonic plates.

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