OAFP 6120 - The rise of development banks in the EU post-crisis: potential and pitfalls

A notable feature of the time after the Great Financial Crisis (2007-2009) has been the

rise of development banks of the national (e.g. KfW in Germany) and multilateral kind

(e.g. EIB in Europe, ADB in Asia). What marks these agents of public policy as peculiar

is at the same time their public mandate and their attempt to operate within certain rules

of banking practice. This class investigates the capacities and constraints of such actors

as they seek to achieve public policy goals, be it industrial policy or climate risk

mitigation. Students taking this class will become familiar with the European as well as

the global landscape of development banking, understand opportunities and risks of

recent moves towards blended finance and the dynamics of the evolution of these fields.

None

There will be several guest lectures in this class, both by researchers and by practitioners. Group work to

prepare presentations will play an important role, as will case studies (final assignments).

2 reaction memos on texts, one class presentation and one final essay

For every class, you will be expected to read two texts (25 pages each), you will also be asked to hand in

two reaction memos before the class on the assigned readings. In addition, you wil prepare a class

presentation and a case study/final essay/