Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Green Fintech Approaches from the Perspective of Central Banks |
| Organization Unit | |
| Authors |
|
| Supervisors |
|
| Language |
|
| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 90 |
| Date | 2021 |
| Zusammenfassung | Central banks face the responsibility of addressing climate-related risks to preserve macroeconomic stability. The literature has proposed several policy instruments disposable to central banks to actively contribute to the sustainable development goals (SDGs). These policy tools fall within the scope of green monetary policies, climate-enhanced prudential policies, and green financial market development. Simultaneously, the research on technology for supervisors (suptech)a subcategory of financial technology (Fintech)has led to the innovative adoption of tools, such as central bank digital currencies, distributed ledger technology, and artificial intelligence. This study aims to determine the nexus between nascent technologies and central banks' green policy measures. More specifically, the paper investigates the central banks' attitude toward sustainable suptech solutions; which suptech use-cases have the highest impact on the central banks' business functions and their endeavors to achieve the environmental goals. This research derives a hypotheses model that connects three areas suptech, the green central banks' policy measures, and the SDGs. Section 2 summarizes the existing research for each of these three dimensions. The subsequent section describes the derivation of the research model based on the existing literature and includes the postulation of nine hypotheses that assume a positive impact of financial technology on central banks' green policy instruments. Section 4 encompasses the research methodology and the description of the sample characteristics. An international survey was distributed to 32 central banks to test the hypotheses. The results, which are described in Section 5, confirm five out of nine hypotheses, and they, thus, yield, for most areas, a positive and strong impact of technology on a central bank's sustainability efforts. The analysis shows homogeneous answers of developing and developed countries both groups have a coincident attitude toward sustainability and technological innovation. The results further reveal that, to some extent, a country's patience level positively influences a central bank's efforts to implement sustainable suptech. In conclusion, this thesis demonstrates a positive effect of financial technology on all areas of a central bank's green policy instruments. The most substantial impact is expected by artificial intelligence, central bank digital currency, cloud computing, and research platforms. Distributed ledger technology and application programming interfaces, however, only show moderate potential. This research's outcome contributes to the growing interest and the emerging literature on suptech, central banks' sustainability measures, and the environmental SDGs. |
| Export |
BibTeX
|