Innovating Works

JUSTCB

Financiado
Just Central Banking
The recent financial crisis, and the ongoing ecological crisis, call for an urgent examination of the central banks’ place in society, both as a cause of harm and as a potential agent of justice. The central aim of this project is... The recent financial crisis, and the ongoing ecological crisis, call for an urgent examination of the central banks’ place in society, both as a cause of harm and as a potential agent of justice. The central aim of this project is to determine what role central banks can play in the transition towards a more just and sustainable economy. First, this project will attempt to uncover what, if anything, is wrong with current central banking practices. The financial ethics literature is divided on whether their core problem is their lack of legitimacy, or their negative effects on justice and environmental sustainability. The first part of the project aims to show that all these problems stem from the unfair and inefficient division of political and epistemic labor between states, central banks, and commercial banks. Second, this project will delineate and defend potential reforms, which are able to improve the fairness and sustainability of central bank’s practices. The project will focus on new monetary policy instruments that central banks could use to target firms, banks, and citizens more directly. It will investigate how these policy tools can achieve a fairer balance of power between central banks, states, and commercial banks. In sum, by producing a unified theory that is able to account for the diversity of harms and benefits of central banking, this project aims to provide guidance on the ethical role of central banks and the necessary reforms of central banking. ver más
31/03/2026
AAU
231K€
Perfil tecnológico estimado
Duración del proyecto: 24 meses Fecha Inicio: 2024-03-06
Fecha Fin: 2026-03-31

Línea de financiación: concedida

El organismo HORIZON EUROPE notifico la concesión del proyecto el día 2024-03-06
Línea de financiación objetivo El proyecto se financió a través de la siguiente ayuda:
HORIZON-MSCA-2023-PF-01-01: MSCA Postdoctoral Fellowships 2023
Cerrada hace 1 año
Presupuesto El presupuesto total del proyecto asciende a 231K€
Líder del proyecto
AALBORG UNIVERSITET No se ha especificado una descripción o un objeto social para esta compañía.
Perfil tecnológico TRL 4-5