Green Central Banking, Sustainable Finance, and Monetary Policy in Emerging Economies: Policy Lessons from a Systematic Review
新興国におけるグリーン中央銀行、持続可能な金融、金融政策：体系的レビューからの政策教訓 (AI 翻訳)
Muhammad Putra Aprullah, M. Arfan, Yossi Diantimala, Irsyadillah Irsyadillah, S. Syahnur, William Ben Gunawan
🤖 gxceed AI 要約
日本語
新興国中央銀行が気候変動リスクを金融政策に組み込む動きを、85文献の系統的レビューで分析。5つのパターン（政策範囲拡大、物理的・移行リスク統合、グリーンボンド活用、制度の質の重要性、データ制約）を特定し、有効性には制度環境や調整能力が重要であることを示した。
English
This systematic review of 85 articles examines how central banks in emerging economies integrate climate risks into monetary policy and sustainable finance. It identifies five patterns: broadening policy focus, integrating physical and transition risks, using green bonds and sustainable lending, institutional quality as a key enabler, and constraints from data and capacity heterogeneity.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
本論文は、日本銀行や金融庁が進めるグリーン金融政策の枠組みにも示唆を与える。特に新興国における制度の質と政策効果の関係は、日本がアジア地域での知見共有や国際協力を検討する際の参考となる。
In the global GX context
This paper provides a systematic synthesis of how central banks in emerging economies are adopting climate-responsive policies, relevant for global frameworks like ISSB and transition finance. It highlights the role of institutional capacity and cross-sector coordination, offering lessons for both developing and developed economies.
👥 読者別の含意
🔬研究者:This review maps the landscape of green central banking literature and identifies key patterns and gaps for future research on climate finance in emerging markets.
🏢実務担当者:Central bank staff can use the identified patterns to design or refine green monetary and prudential instruments, understanding that institutional quality and coordination are critical.
🏛政策担当者:Regulators in emerging economies can learn about the institutional preconditions for effective green central banking and the need for data infrastructure and policy coherence.
📄 Abstract（原文）
This paper aims to examine the evolving role of green central banking in advancing sustainable finance and reshaping monetary policy in emerging economies. In particular, it investigates how central banks incorporate climate-related considerations into their policy mandates, regulatory frameworks, and financial intermediation functions, while also assessing the institutional conditions that influence the effectiveness of these initiatives. Methodologically, the study employs a PRISMA-based systematic literature review of 85 articles indexed in Scopus. Through a structured process of identification, screening, eligibility assessment, and synthesis, the review maps the major themes, policy channels, and emerging debates related to green central banking, climate risk management, and sustainable finance in developing and emerging market contexts. The findings reveal five major patterns. First, central banks are increasingly broadening their policy focus beyond conventional price stability to address climate-related systemic risks. Second, both physical and transition risks are gradually being integrated into monetary policy, macroprudential regulation, and supervisory practices. Third, sustainable financial instruments, especially green bonds and sustainable lending schemes, are becoming important tools for reallocating capital toward environmentally sustainable and low-carbon activities. Fourth, the adoption and effectiveness of green finance initiatives are strongly shaped by institutional quality, regulatory capacity, and cross-sector policy coordination. Fifth, while green central banking has significant potential to enhance long-term financial stability and support low-carbon transitions, its practical impact remains constrained by data limitations, uneven institutional readiness, and substantial heterogeneity across emerging economies. In conclusion, this study contributes to the literature by offering an integrated and policy-oriented synthesis of the links among climate risk, sustainable finance, and monetary policy, while also highlighting practical implications for central banks and policymakers seeking to strengthen climate-responsive financial governance in emerging markets.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.61436/bsscd/v5i1.pp48-68first seen 2026-06-04 05:17:32
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。