Leveraging Financial Markets for Development - Peter Volberding

Leveraging Financial Markets for Development

How KfW Revolutionized Development Finance
Buch | Softcover
XXIII, 285 Seiten
2021 | 1st ed. 2021
Springer International Publishing (Verlag)
978-3-030-55010-3 (ISBN)
96,29 inkl. MwSt

This book investigates how development institutions created and promoted marketized development financial instruments to increase the speed and scope of assistance by leveraging private financial markets for development objectives. To attract private investors, donor governments agreed to bear the risk in these new instruments in order to mobilize investment during times of political crisis. In particular, this book contends that Germany's KfW played an outsized role in the development of these new financial instruments, particularly in microfinance banks and structured funds, as KfW's unique institutional attributes and strong political support from the German government at critical junctures fostered financial innovation. Using over 70 interviews and a cache of newly released archival materials, this books documents how KfW and other development institutions created and promoted these marketized development financial instruments, and how they have become a pillar of modern development policy.

lt;p>Peter Volberding received his PhD from the Government Department at Harvard University, USA. His research focuses on the intersection between public institutions and private financial markets, and is co-author of a forthcoming edited volume on European development banking. He currently lives and works as a consultant in New York City.


Chapter 1. The Marketization of Development Finance.- Chapter 2. 1950-1970: The World Bank, DFCs, and the Foundations of Private Investment Mobilization.- Chapter 3. 1970 to 1990: Development Finance in Crisis and the Search for a New Paradigm.- Chapter 4. KfW and the Early Stages of Marketized Development Financial Instruments. Chapter 5. Chapter 5: The Maturation of Marketized Development Financial Instruments: Microfinance and Structured Funds.- Chapter 6. The Scaling-Up of Marketized Development Financial Instruments from 2005 to 2017.- Chapter 7. Conclusion and Future Directions. 


Erscheinungsdatum
Reihe/Serie Executive Politics and Governance
Zusatzinfo XXIII, 285 p. 2 illus.
Verlagsort Cham
Sprache englisch
Maße 148 x 210 mm
Gewicht 408 g
Themenwelt Sozialwissenschaften Politik / Verwaltung Europäische / Internationale Politik
Sozialwissenschaften Politik / Verwaltung Staat / Verwaltung
Wirtschaft Betriebswirtschaft / Management Finanzierung
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Bankbetriebslehre
Schlagworte Development Assistance • Development Finance • Development Finance Corporations (DFCs) • Development Policy • Economic Development • Financial Instruments • financial mobilizations • Financial Risk • German development bank • Green finance • KfW • marketized development • private investment • SDGs • Structured Finance • structured funds • World Bank
ISBN-10 3-030-55010-9 / 3030550109
ISBN-13 978-3-030-55010-3 / 9783030550103
Zustand Neuware
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