After the global financial crisis (GFC) of 2008, two concepts became very popular.  One is financial sustainability.  The other is sustainable development.

Sustainable development basically has three dimensions: economic, environmental and social.

There are very close links between financial sustainability and economic sustainability.   I summarized my thoughts on these in my recent paper “Sustainable finance for sustainable development.”  It is published last year (2018) in a book to commemorate the 10th anniversary of the GFC.   I include its reference and its manuscript version in this web site for your convenience.

I argue in Başçı (2018) why debt is individually very attractive and why speed limits to borrowing may be necessary and desirable for economic sustainability reasons.  These  limits can be summarized under the heading of prudential regulation.

Prudential regulation may also be useful for social and environmental sustainability.  I leave the social and environmental issues to other researchers (and perhaps to a few future posts in his blog).

Yet, because of the close connection between money and finance,  prudential regulation has very important implications on money supply as well.   I plan to write more about this later.