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Conclusion

In: Hardwiring Sustainability into Financial Mathematics

Author

Listed:
  • Armen V. Papazian

    (University of Cambridge)

Abstract

While the standards and frameworks of sustainability are critically important for a net-zero sustainable world economy, they fall short of transforming our spaceless analytical framework and equations which serve the mortal risk-averse return-maximising investor. The most commonly used tools in the field are content with adjustments to variables in our existing models. Furthermore, the logic and principles that govern the creation of money, although central to the effective conceptualisation and operationalisation of sustainability in finance, are left out of the debate. The space value of money principle and ensuing equations address the above challenges and provide the blueprints for the instruments that could be used to fund the transition. To secure the sustainability and future expansion of human productivity across time and space, planet and humanity must be made equal stakeholders in our equations of value and return.

Suggested Citation

  • Armen V. Papazian, 2023. "Conclusion," Springer Books, in: Hardwiring Sustainability into Financial Mathematics, chapter 0, pages 137-140, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-45689-3_6
    DOI: 10.1007/978-3-031-45689-3_6
    as

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    More about this item

    Keywords

    Sustainability; Financial mathematics; Money; Value; Risk; Time; Space; Impact;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G00 - Financial Economics - - General - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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