{"product_id":"financing-our-future-unveiling-a-parallel-digital-currency-system-to-fund-the-sdgs-and-the-common-good-9783030648282","title":"Financing Our Future: Unveiling a Parallel Digital Currency System to Fund the SDGs and the Common Good","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003e\n\u003cbr\u003eThe monetary system is the indispensable missing link in the debate of sustainability, and whether the current financial system can handle these evolved needs. This book offers a new approach to financing global common goods and providing the resources necessary to achieve the SDGs by introducing a parallel electronic currency specifically designed to finance global common goods and provide the resources necessary to achieve the SDGs. \u003c\/blockquote\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Paperback \/ softback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 221 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 15 April 2022\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Springer Nature Switzerland AG\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003cbr\u003eThe monetary system is a crucial missing piece in the discussion of sustainability, particularly in terms of whether the current financial system can meet the evolving needs of our world. To date, the United Nations Sustainable Development Goals (SDGs) have primarily been funded through private sector investments, traditional public sector taxes and fees, or philanthropic commitments. However, with an estimated annual funding requirement of 4 to 5 trillion dollars over the next 10 to 15 years to finance our future, these conventional sources of finance are insufficient in terms of both the scale and speed of funding needed. Furthermore, the inherent instability of our financial system forces the global community to prioritize the repair and stabilization of the existing system.\u003cbr\u003e\u003cbr\u003eThe development of cryptocurrencies, powered by distributed ledger technologies (DLT), has sparked interest among central banks in exploring the potential application of this approach to independently create purchasing power. In response to this, this book presents a novel approach, introducing a parallel electronic currency specifically designed to finance global common goods and provide the resources necessary to achieve the SDGs. Furthermore, the mechanism proposed in this book would have a stabilizing effect on the existing monetary system.\u003cbr\u003e\u003cbr\u003eThe book argues that one potential way to achieve this is by granting central banks a modified monetary mandate to inject new liquidity into the system using a top-down approach. Alternatively, liquidity could be generated through corporate or community initiatives that utilize crypto- or community currencies, taking a bottom-up approach. The author suggests that by issuing a blockchain-enabled parallel electronic currency dedicated to SDG-related projects and utilizing alternative channels for monetary flow rather than the conventional banking system, we can create a more sustainable and resilient financial landscape.\u003cbr\u003e\u003cbr\u003eIn conclusion, the monetary system plays a pivotal role in the pursuit of sustainability, and the current financial system must evolve to meet the growing demands of our world. By introducing a parallel electronic currency specifically designed to finance global common goods and provide the resources necessary to achieve the SDGs, we can create a more sustainable and resilient financial landscape. This approach requires collaboration between central banks, the private sector, and the global community to address the complex challenges facing our world and ensure a brighter future for generations to come.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 397g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 235 x 155 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9783030648282\u003cbr\u003e \u003cstrong\u003eEdition number\u003c\/strong\u003e: 1st ed. 2021\u003c\/p\u003e","brand":"Stefan Brunnhuber","offers":[{"title":"Paperback \/ softback","offer_id":44102979977466,"sku":"9783030648282","price":21.34,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/noImage_1_1c14d494-352d-4df4-a4fc-e9941df02765.jpg?v=1669650205","url":"https:\/\/shulphink.com\/products\/financing-our-future-unveiling-a-parallel-digital-currency-system-to-fund-the-sdgs-and-the-common-good-9783030648282","provider":"Shulph Ink","version":"1.0","type":"link"}