Development and Public Banks

Stephany Griffith-Jones is the Financial Markets Program Director at the Initiative for Policy Dialogue at Columbia University, USA. She is also a Board Member of the Central Bank of Chile. Her research interests include global capital flows, with special reference to flows to emerging markets; macro-economic management of capital flows in Latin America, Eastern Europe, and sub-Saharan Africa; proposals for international measures to diminish volatility of capital flows and reduce likelihood of currency crises; analysis of national and international capital markets; and proposals for international financial reform.Régis Marodon is Senior Advisor on Sustainable Finance at the Agence Française de Développement (AFD), France. With a Ph.D in Development Economics, he previously performed research assignments for the World Bank. At the AFD, he contributed extensively to development financing in many African, Mediterranean, and Latin American countries, and was consecutively the Director for Turkey, Mexico, and Latin America. He joined the CEO advisory staff of the AFD in 2016 on sustainable finance matters and is an active member of many international networks on that issue.Louis-Philippe Rochon is Full Professor of Economics at Laurentian University, Canada, where he has been teaching since 2004. He is the editor-in-chief of the Review of Political Economy. He is the Founding Editor (now Emeritus) of the Review of Keynesian Economics. He has widely published in post-Keynesian economics, and monetary theory and policy. He has been a visiting professor in over a dozen universities around the world.Jiajun Xu is Assistant Professor and the Executive Deputy Dean of the Institute of New Structural Economics at Peking University, China. Xu initiates the International Research Initiative of Development Financing Institutions Working Groups, and currently acts as the General Secretary of the Global Research Consortium on Economic Structural Transformation (GReCEST) and the Invited Researcher at the Public Policy Research Center of the Counsellors’ Office of the State Council of the People’s Republic of China. Her research focuses on development financing and global economic governance.

• Introduction: Unleashing the Potential of Public Development Banks for Achieving Sustainable Development Goals Part 1: Development Banks 1. Matching Risks with Instruments in Development Banks 2. The Global Development Banks’ Architecture 3. Should National Development Banks be Subject to Basel III? 4. Can Development Banks Step Up to the Challenge of Sustainable Development? 5. Scaling Up Public Development Banks’ Transformative Alignment with the 2030 Agenda for Sustainable Development 6. From Global to Local: Subnational Development Banks in the Era of Sustainable Development Goal Part 2: Public Banks 7. Understanding Full Investment and the Potential Role of Public Banks 8. A Dynamic Theory of Public Banks (and Why it Matters) 9. Public Banks, Public Purpose, and Early Actions in the Face of Covid-19