INTER-RELATION BETWEEN DIGITAL FINANCE, GREEN FINANCE AND SOCIAL FINANCE
Keywords:green finance, social finance, digital finance, sustainable
Looking at the current development of digitalization, in general there are 3 slices that need to be studied, namely, Digital Finance, Green Finance and Social Finance. Identification and investigation of these three jargons is very important to promote financial, social and environmental development. This paper attempts to be a window into the relationship between digital finance, green finance, and social finance. Using a simple concept, a hypothesis will be made whether the relationship between these three terms can better affect the economic condition of the community. Conceptually it can be shown that digital finance offers a smooth, efficient channel for individuals and companies. At the same time, it can fund social projects. Digital finance can also be considered as an effort to fund green finance and social finance more massively. Overall, digital finance can help transform social finance and green finance into sustainable growth. Although green and social finance is not intended to boost economic growth during normal times, it helps smooth economic growth and leads to lower growth volatility. We also find that country’s total carbon dioxide emissions decrease after the green bond inceptions. Overall, green and social finance has real beneficial effects during both the pandemic and normal times.
Copyright (c) 2022 Hidajat Sofyan Widjaja ; Dwi Pramaya Bhakti
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.