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Capital and the Common Good : How Innovative Finance Is Tackling the World's Most Urgent Problems / Georgia Levenson Keohane.

By: Material type: TextTextSeries: Columbia Business School PublishingPublisher: New York, NY : Columbia University Press, [2016]Copyright date: ©2016Description: 1 online resource (264 p.) : 12 figuresContent type:
Media type:
Carrier type:
ISBN:
  • 9780231178020
  • 9780231541664
Subject(s): DDC classification:
  • 174/.4 23
LOC classification:
  • HG101 .K46 2016eb
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- Acknowledgments -- Introduction: Innovative Finance and the Visible Hand -- REDD Forests, Green Bonds, and the Price of Carbon -- 2. Health: Medicine for Market Failure -- 3. Financial Inclusion and Access to Capital -- 4. Toward a New Disaster Finance: Redefining Risk, Response, and Resilience -- 5. Innovative Finance in Communities Across the United States -- Conclusion: Financing the Future: The Lessons of Innovative Finance and the TIES That Bind -- Epilogue: The Road Ahead -- Notes -- Index
Summary: Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, and economic inequality. While governments commit to addressing these challenges, traditional public and philanthropic dollars are not enough. Here, innovative finance has shown a way forward: by borrowing techniques from the world of finance, we can raise capital for social investments today. Innovative finance has provided polio vaccines to children in the DRC, crop insurance to farmers in India, pay-as-you-go solar electricity to Kenyans, and affordable housing and transportation to New Yorkers. It has helped governmental, commercial, and philanthropic resources meet the needs of the poor and underserved and build a more sustainable and inclusive prosperity. Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. Revisiting the successes and missteps of these efforts, Georgia Levenson Keohane argues that innovative finance is as much about incentives and sound decision-making as it is about money. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780231541664

Frontmatter -- Contents -- Acknowledgments -- Introduction: Innovative Finance and the Visible Hand -- REDD Forests, Green Bonds, and the Price of Carbon -- 2. Health: Medicine for Market Failure -- 3. Financial Inclusion and Access to Capital -- 4. Toward a New Disaster Finance: Redefining Risk, Response, and Resilience -- 5. Innovative Finance in Communities Across the United States -- Conclusion: Financing the Future: The Lessons of Innovative Finance and the TIES That Bind -- Epilogue: The Road Ahead -- Notes -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

Despite social and economic advances around the world, poverty and disease persist, exacerbated by the mounting challenges of climate change, natural disasters, political conflict, mass migration, and economic inequality. While governments commit to addressing these challenges, traditional public and philanthropic dollars are not enough. Here, innovative finance has shown a way forward: by borrowing techniques from the world of finance, we can raise capital for social investments today. Innovative finance has provided polio vaccines to children in the DRC, crop insurance to farmers in India, pay-as-you-go solar electricity to Kenyans, and affordable housing and transportation to New Yorkers. It has helped governmental, commercial, and philanthropic resources meet the needs of the poor and underserved and build a more sustainable and inclusive prosperity. Capital and the Common Good shows how market failure in one context can be solved with market solutions from another: an expert in securitization bundles future development aid into bonds to pay for vaccines today; an entrepreneur turns a mobile phone into an array of financial services for the unbanked; and policy makers adapt pay-for-success models from the world of infrastructure to human services like early childhood education, maternal health, and job training. Revisiting the successes and missteps of these efforts, Georgia Levenson Keohane argues that innovative finance is as much about incentives and sound decision-making as it is about money. When it works, innovative finance gives us the tools, motivation, and security to invest in our shared future.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022)