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Hardwiring Sustainability into Financial Mathematics: Implications for Money Mechanics

Autor Armen V. Papazian
en Limba Engleză Hardback – 12 noi 2023
A ground-breaking work that addresses a crucial challenge facing our planet and the finance discipline, this book discusses key omissions in finance theory, principles, and equations, and explores recent developments in sustainable finance/ESG integration. It reveals a spaceless analytical framework and a sustainability debate that avoids the very logic of money creation. A theoretical treatise on sustainability in finance, the book makes the case for the hardwiring of sustainability into financial mathematics, offering a complementary principle and new equations for the purpose, while also discussing the implications of such a transformation for money mechanics.

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Specificații

ISBN-13: 9783031456886
ISBN-10: 3031456882
Ilustrații: XXVII, 144 p. 18 illus., 12 illus. in color.
Dimensiuni: 148 x 210 mm
Greutate: 0.36 kg
Ediția:1st ed. 2023
Editura: Springer Nature Switzerland
Colecția Palgrave Macmillan
Locul publicării:Cham, Switzerland

Cuprins

Chapter 1. Introduction.- Chapter 2. The Risk and Time Value of Money.- Chapter 3. Sustainability in Finance: Frameworks, Standards and Scores.- Chapter 4. The Space Value of Money.- Chapter 5. Implications for Money Mechanics.- Chapter 6 Conclusion.


Notă biografică

Armen V. Papazian is a financial economist, board director, consultant, and author of The Space Value of Money: Rethinking Finance Beyond Risk & Time.


Textul de pe ultima copertă

“Dr. Papazian’s Space Value of Money concept addresses sustainability in microeconomics and macroeconomics—it critically updates and accounts for the additional dimension.  This should be compulsory reading for all students of finance and investing.”
—Eoin Murray, Head of Investment, Federated Hermes Limited
 
“At a time when the climate crisis drives home the point for urgent action, and ESG measurements have come under intense scrutiny, one can hardly overstate the importance of this book. Rigorous and comprehensive, it offers an investment impact measurement methodology and answers the key financial question of our times: how can we fund the transition to a sustainable world? A finance handbook for the future.”
—Dr. Matteo Cominetta, Head of Macroeconomic Research, Barings LLC
 
“In the bewildering and ever-swelling sea of acronyms that now covers the world of sustainable finance, Dr. Armen Papazian’s laser-like focus on the financial mathematics of investment value and return is a most welcome addition to the profession’s navigation skills.”
—George Littlejohn, Senior Adviser, Chartered Institute for Securities & Investment
 
“This is a brave book—it highlights inconvenient truths about the financial mathematics of investment that guides the global flow of capital and offers thought through solutions. It is a must read for anyone concerned with planetary sustainability.”
—Adrian Webb, Founder & Director, Space Value Foundation


A ground-breaking work that addresses a crucial challenge facing our planet and the finance discipline, this book discusses key omissions in finance theory, principles, and equations, and explores recent developments in sustainable finance/ESG integration. It reveals a spaceless analytical framework and a sustainability debate that avoids the very logic of money creation. A theoretical treatise on sustainability in finance, the book makes the case for the hardwiring of sustainability into financial mathematics, offering a complementary principle and new equations for the purpose, while also discussing the implications of such a transformation for money mechanics.



Armen V. Papazian is a financial economist, board director, consultant, and author of The Space Value of Money: Rethinking Finance Beyond Risk & Time.


Caracteristici

Addresses the necessity to hardwire sustainability into our equations of value and return Offers new equations that quantify and integrate the space impact of cash flows in their valuation Discusses the implications of a transformed value framework for money mechanics and the funding of the transition