Leveraging Financial Markets for Development: How KfW Revolutionized Development Finance - Couverture rigide

Volberding, Peter

Couverture rigide

ISBN 10 : 3030550079 ISBN 13 : 9783030550073

Editeur : Springer Nature Switzerland AG, 2020

Synopsis

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.

A propos du livre

À propos de l?auteur

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.

Détails de l'édition

• Éditeur: Springer Nature Switzerland AG
• Date d'édition: 2020
• Langue: anglais
• ISBN 10: 3030550079
• ISBN 13: 9783030550073
• Reliure: Relié
• Nombre de pages: 308
• Coordonnées du fabricant: Springer Nature Customer Service Center GmbH; ProductSafety@springernature.com; ; Europaplatz 3,69115 Heidelberg, Germany; Heidelberg; 69115; Allemagne