Abstract
The ECB has successfully performed its main task in the context of an independent monetary policy: The euro is stable and enjoys the confidence of the population and the economy. Regarding sustainability, the ECB has so far displayed varying degrees of ambition. The ECB on its own can, and should, expand its commitment within its mandate. By contrast, any attempt by politicians or corporates to exercise undue influence would end up in a loss of stability and prosperity.
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www.ngfs.net : 54 central banks and financial supervisory authorities from all over the world have joined forces in the NGFS to develop concrete measures for a sustainable financial system, not least with a view to the requirements of the structural economic transition triggered by climate change. As of: 12/12/2019.
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Schmidt, M. (2021). On the Role of the ECB in Sustainable Finance. In: Bolsinger, H., Hoffmann, J., Villhauer, B. (eds) The European Central Bank as a Sustainability Role Model. Sustainable Finance. Springer, Cham. https://doi.org/10.1007/978-3-030-55450-7_4
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DOI: https://doi.org/10.1007/978-3-030-55450-7_4
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