GREEN MONETARY POLICY OF EUROPEAN UNION AND CANADA: AN INVESTIGATION

Malar Maran RATHNASWAMY, Malar Mozhi RATHNASWAMY,, Malar Kumaran RATHNASWAMY, Alexandru Mircea Nedelea

Abstract


The greening monetary policy incorporates essential enduring policy decisions towards low carbon economy without deviating from the main functions of monetary policy. The challenges are safeguarding low carbon assets while the investors prefer carbon-intensive investments. European Central Bank of European Union and Bank of Canada in Canada are central banks and their priorities on greening monetary policy having different strategies and priorities. This paper investigates them.


Keywords


Financial stability, price stability, low carbon economy, green finance

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