Treasury bonds provide money-like services, while other bonds do not. These money-like services, which include safety and liquidity, are valued more during financial crises, reducing the substitutability of actual Treasuries and synthetic Treasuries — other types of bonds that yield the same...

The different central banks follow their own different paths to sustainability. The article asks, what types of sustainability they already practice. It describes progressive strategies, looks at the learning processes and analyses the shortcomings. The Network for Greening the Financial System...