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Using high-transparency banks to reconnect money and meaning

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  • Bruce Cahan

Abstract

High-transparency banking is feasible and emerging. Public-interest accountability metrics can support a new crop of more trustworthy banks, highly-transparent as to their environmental and social impacts and corporate governance practices. To achieve scale, federal banking reform could include special charters and support for high-transparency banks, a new class of banks that develop and make publicly available the open technology standards needed to underwrite, incentivize and exchange transactions that produce positive environmental and social impacts.

Suggested Citation

  • Bruce Cahan, 2009. "Using high-transparency banks to reconnect money and meaning," Community Development Innovation Review, Federal Reserve Bank of San Francisco, issue 2, pages 18-29.
    • Handle: RePEc:fip:fedfcr:y:2009:p:18-29:n:v.5no.2
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