Hardwiring Sustainability into Financial Mathematics: Implications for Money Mechanics

by Armen V. Papazian

Overview

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.

Product Details

ISBN-13:	9783031456893
Publisher:	Palgrave Macmillan
Publication date:	11/11/2023
Sold by:	Barnes & Noble
Format:	eBook
File size:	6 MB

About the Author

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

Table of Contents

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.

What People are Saying About This

From the Publisher

“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