Description
Development finance institutions (DFIs), also known as public development banks (PDBs) are public financial institutions initiated and steered by governments with explicit official missions to promote public policy objectives, and public development banks (PDBs) are the main category. DFIs are experiencing a renaissance worldwide, but there is limited academic research examining their roles, operations, and effectiveness.
This book attempts to fill this gap by bringing together world-renowned scholars who discuss in detail the economics and the social consequences of both development banks and public banks. Combining together, the chapters in this volume discuss topics from sustainability, development impact of financial instruments, a new development financial architecture, and the interaction with existing international rules like the Basel Accord. This book will be of particular interest to students, scholars, and researchers of development finance, global governance, and international political economy.
The chapters in this book were originally published in the Review of Political Economy.
Table of Contents
Introduction: Unleashing the Potential of Public Development Banks for Achieving Sustainable Development Goals
Stephany Griffith-Jones, Régis Marodon, Louis-Philippe Rochon and Jiajun Xu
Part 1: Development Banks
1. Matching Risks with Instruments in Development Banks
Stephany Griffith-Jones, Shari Spiegel, Jiajun Xu, Marco Carreras and Natalya Naqvi
2. The Global Development Banks’ Architecture
José Antonio Ocampo and Victor Ortega
3. Should National Development Banks be Subject to Basel III?
Ricardo Gottschalk, Lavinia B. Castro and Jiajun Xu
4. Can Development Banks Step Up to the Challenge of Sustainable Development?
Régis Marodon
5. Scaling Up Public Development Banks’ Transformative Alignment with the 2030 Agenda for Sustainable Development
Maria Alejandra Riaño, Jihane Boutaybi, Damien Barchiche and Sébastien Treyer
6. From Global to Local: Subnational Development Banks in the Era of Sustainable Development Goals
Sergio Gusmão Suchodolski, Adauto Modesto Junior, Cinthia Helena de Oliveira Bechelaine and Leila Maria Bedeschi Costa
Part 2: Public Banks
7. Understanding Full Investment and the Potential Role of Public Banks
Wesley C. Marshall and Louis-Philippe Rochon
8. A Dynamic Theory of Public Banks (and Why it Matters)
Thomas Marois
9. Public Banks, Public Purpose, and Early Actions in the Face of Covid-19
Diana V. Barrowclough and Thomas Marois
