Taken together, households, firms, governments and financial institutions form a similarly precious – and at times delicate – equilibrium. Our analysis, assessment and policy actions should reflect the fact that nature and the economy are equally interconnected and interdependent. In line with a central theme of the landmark Dasgupta Review on the economics of biodiversity that “humanity is embedded in nature”.
[4] Back to “Natura artis magistra”. Nature isn’t just the teacher of the arts, it is also the teacher of finance. One may be inclined to paraphrase: “natura finis magistra”. [5] In fact, nature makes finance thrive. This is what ultimately needs to become fully embedded in the work of central banks, supervisors, regulators and international standard setting bodies, within their mandate.