Abstract

Great global social crises, such as the global financial crisis, the Corona pandemic, and the Ukraine war, have occurred since the beginning of the 21st century. Climate change problems are expected to bring large risks in the long term. Many governments have positively provided government credits to avoid or mitigate great social crises. The issuance of currency needs cooperation with many stakeholders to enhance social credit. In domestic economies, the accumulation of government finance raises the probability of increasing interest rates and prices. However, an appropriate analysis of costs and benefits leads global communities to sustainable global finance. This article presents a sustainable mechanism of global credit to improve cooperation with multi-stakeholders. This article demonstrates that sustainable social credit provides more credit than only governmental credit but raises global market prices of credit beyond controlled prices under governments.

Keywords

Cooperative scheme of global credit; digital industrial revolution; global social crises; two currency model in monetary theory

Introduction