MONETA – Central Banking, Sustainable Finance
WHAT WE DO
Unit directors: Donato Masciandaro; Laura Zanetti
MONETA is a research unit focused on central banking - i.e. monetary and financial policies - and its activity is intertwined with the initiatives of the Chair in Economics of Financial Regulation. In 2005 the UB establishment of the Chair in Economics of Financial Regulation anticipated well in advance what has been worldwide evident after the 2008 Great Crisis: the need of deep reflections on the state of the relationships between monetary policy, financial supervision (micro and macro prudential) and regulation.
Today it is even more evident that the three policies, which are usually but not exclusively implemented via the activities of the central banks, are still in a state of flux. In the traditional mainstream the three tales are told separately. On this respect, the present strand of research of the Unit includes, among others, the role of gender, as well as the influence of psychological and behavioural biases, in shaping the central bank decisions.
On top of that, the research activity is devoted to explore how the regulatory and supervisory design and implementation can address the issue of the financial integrity, i.e. how to prevent and combat the threat of money laundering and terrorism finance at national and international level.
In parallel, the Unit will
explore sustainable finance as a
fundamental policy goal, especially in a post-Coronavirus scenario. Sustainable
finance is the application of the concept of sustainable development to
financial activity. The
Unit will be committed to disseminating the culture of sustainability and
promoting a responsible approach to investments, with particular reference to
environmental, social and governance (ESG) topics.