Title: Exploring the impact of monetary policy on sustainable development with mediation of e-banking services and moderation of financial risk awareness

Authors: Shengqian Zhou

Addresses: Business School, University of Sydney, Camperdown NSW 2050, Sydney, 2006, Australia

Abstract: Monetary policy is essential for sustainable growth where effective monetary policies can improve investment, employment, and consumption by fostering a balanced and resilient economy. However, sustainable development is vital for harmonising economic growth, social equity, and environmental preservation. A number of factors have been discussed in the literature that impact sustainable development. However, this study explicitly tries to investigate the nexus among the monetary policy (MP) toward sustainable development (SD) with the mediation of e-banking services (e-BS) and moderation of financial risk management (FRM) from China drawing on stakeholder theory. It discovered a significant connection between monetary policy and sustainable development along with sub-dimensions of SD. Likewise, this study confirmed a positive mediating influence of e-BS between monetary policy and sustainable development. Finally, the study additionally ensured a positive moderation of financial risk between monetary policy and sustainable development, respectively. These outcomes bestow several interesting insights into monetary policy, e-banking services, financial risk management, and sustainable development.

Keywords: monetary policy; e-banking services; financial risk management; sustainable development; structural model.

DOI: 10.1504/IJASS.2024.142605

International Journal of Applied Systemic Studies, 2024 Vol.11 No.3, pp.175 - 192

Received: 29 Nov 2023
Accepted: 17 May 2024
Published online: 11 Nov 2024 *

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