Abstract
Much of the academic literature on role of central banks argues for the adaption of monetary policy instruments to encourage “green” activities and for integrating climate-related risks into financial stability frameworks. I argue that using monetary policy to direct credit flows is a discredited policy and that central banks should focus on meeting the challenges that climate change poses to financial stability.
| Original language | English |
|---|---|
| Journal | Bancaria |
| Issue number | April |
| Publication status | Accepted/In press - 26 Feb 2025 |
Keywords
- Sustainable finance
- central bank policy
- banks
- environment
