Regional Development Banks in the World Economy
Judith Clifton · Daniel Díaz Fuentes · David Howarth
Apr 2021 · Oxford University Press
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350
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About this ebook
Regional development banks (RDB) have become increasingly important in the world economy, but have also been relatively under-researched to date. This timely volume addresses this lack of attention by providing a comprehensive, comparative, and empirically informed analysis of their origins, evolution, and contemporary role in the world economy through to the second decade of the twenty-first century. In Regional Development Banks in the World Economy, the editors provide an analytical framework that includes a revised categorisation of RDB by geographic operation and function. Part one offers detailed analyses of the origins, evolution, and contemporary role of the major RDB, including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, the European Investment Bank, the Central American Bank, the Andean Development Corporation, the European Bank for Reconstruction and Development, and the Asian Infrastructure Investment Bank. Part two offers comparative analyses of key topics on RDB, examining their initial design and their changing business models, their shifting role in promoting policies supported by the United States as hegemon and the private sector. The volume ends with a critical reflection on the role played by RDB to date and a strong defence of the need for these banks in an increasingly complex world economy.
About the author
Judith Clifton is Professor and Founding Director of the Jean Monnet Chair of EU Economic Policy at the Faculty of Business & Economic Sciences, University of Cantabria, and Principal Investigator on one of the largest projects to date on Disruptive Technologies in the Public Sector, TOKEN (Horizon2020, 4 Mill EUR, 2020-24). Her areas of expertise are public services and their transformation, whilst she is also interested in Regional Development Banks, especially the European Investment Bank. She serves as Editor-in-Chief of Journal of Economic Policy Reform and is Co-Editor of Cambridge Journal of Regions, Economy & Society, and Cambridge Elements in Public Policy. She also serves on the editorial boards of Policy & Society, Journal of Comparative Policy Analysis, Utilities Policy, and Annals of Public and Cooperative Economics. Daniel Diaz Fuentes is Full Professor of Economics at the University of Cantabria and was Visiting Fellow at Oxford Department of International Development, University of Oxford, from October 2019 to June 2020. He specialises in Regional Development Banks, Fiscal Policy, and Income Inequality and Innovation in Public Services. His current research interests concentrate on the transforming potential of Regional Development Banks in a multipolar world economy. Diaz Fuentes has published over 100 articles in leading international journals including: Cambridge Journal of Regions Economy & Society, Public Management Review, International Review of Administrative Science, Global Policy, Journal of Common Market Studies, Journal of Policy Modelling, Regional Studies, Journal of World Economy, Utilities Policy, Health Policy, Journal Regulatory Economics, Emerging Market Finance and Trade, and Journal of Comparative Policy Analysis, amongst many others. David Howarth is Professor of European Political Economy at the University of Luxembourg and a former Jean Monnet Chair at the University of Edinburgh. He is the author or co-author of four monographs, a textbook, over ninety journal articles and book chapters on European political economy topics, specifically financial regulation, and Economic and Monetary Union. He has also edited or co-edited thirteen journal special editions and four books on these topics including (with Huw Macartney), 'Banking Regulation and Supervision and the Great Leap Forward in European Integration', with the journal West European Politics, 2016. His most recent monograph (with Lucia Quaglia) The Political Economy of European Banking Union was published by Oxford University Press in September 2016.
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