Towards a Theory of Sustainable Finance

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dc.contributor.authorUnited Nations Environment Programme
dc.date.accessioned2016-10-11T20:16:27Z
dc.date.available2016-10-11T20:16:27Z
dc.date.issued2015-10
dc.descriptionThe paper proceeds as follows: It first outlines the dominant view of finance and notes some of its strengths and weaknesses. Thereafter it introduces and evaluates contemporary calls for either more regulation by the authorities or greater social responsibility by agents themselves. In light of current evidence with both of these suggestions, a new theory is presented which I tentatively call the two-level model of sustainable finance. Finally, the paper closes with a discussion on what the theory implies in terms of both adequate behaviour by financial agents themselves and effective regulation by the authorities. The main results are summarized at the end of the paper.
dc.identifier.urihttps://wedocs.unep.org/handle/20.500.11822/9860
dc.languageEnglish
dc.page.number19 p.
dc.rights.accessLevelPublic
dc.subjectfinance
dc.subjectsustainable development
dc.titleTowards a Theory of Sustainable Finance
dc.typeCommunication or other resource
wd.identifier.sdgiohttp://purl.unep.org/sdg/SDGIO_00000050

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