Description
About the Author
Daniel Mertens is Professor of International Political Economy at the University of Osnabruck. Prior to that, he was an assistant professor at Goethe University Frankfurt and a visiting scholar at Northwestern University. His work ranges from the politics of credit markets and banking to analyses of the modern tax state. Matthias Thiemann is an assistant professor for European Public Policy at Sciences Po. His work focuses on the reconfiguration of financial markets after the 2007-8 crisis, with a particular focus on shadow banking, macro-prudential regulation, and the role of development banks in stabilizing financial markets. Peter Volberding recently graduated with a PhD from the Government Department at Harvard University. His dissertation focused on the interaction between development banks, private financial markets, and development financial instruments.
Reviews
This timely and innovative contribution explains the new ways in which European authorities, at both national and supranational levels, seek to exploit a renewed focus on development banking to advance critical economic and political goals. The volume shows that tensions abound, strategies differ, and the fight over rules is far from settled. The authors here provide a comprehensive account of development banking's evolution in Europe, while also distilling a number of new and very surprising findings about the engines of change. The study thus explains development banking's new role and power, but also attunes us to the larger phenomenon of capitalism's transformation over time. * Rachel A. Epstein, Professor of International Relations and European Politics at the Josef Korbel School of International Studies, University of Denver *
Finance is not neutral. The type of finance determines how growth in the real economy is structured. This book is an important contribution, advancing our understanding of this relationship and hence how finance is shaped and can be shaped to deliver long-run development and growth trajectories in Europe. It provides a rich history of the different evolutions, trajectories, and institutional setups of national development banks while also uncovering key lessons about instruments, structures, and levels of coordination across policy spheres. This is a valuable reading for anyone interested in the political economy of development banking and the various roles that development banks and institutions can play to deliver economic goals. * Mariana Mazzucato, Professor in the Economics of Innovation and Public Value at University College London and Founding Director of the Institute for Innovation and Public Purpose (IIPP) *
Book Information
ISBN 9780198859703
Author Daniel Mertens
Format Hardback
Page Count 354
Imprint Oxford University Press
Publisher Oxford University Press
Weight(grams) 674g
Dimensions(mm) 240mm * 160mm * 26mm