Speaker: Stephany Griffith-Jones, Financial Markets Program Director, Initiative for Policy Dialogue at Columbia University
Since the global financial crisis, there has been a major revival of interest worldwide In the value of public development banks. These development banks can: 1 ) provide counter -cyclical finance; 2) provide long term finance, crucial for structural transformation; 3) provide leverage for public resources, "doing more with less" 4) finance global , regional and national public goods; and 5) help develop and deepen financial markets. The talk will draw on extensive research on the topic, including a project currently being co-directed with Jose Antonio Ocampo, comparing national development banks as well as research on the new AIIB and BRICS banks.
Moderated by: Jose Antonio Ocampo, Professor and Director of Economic and
Political Development Concentration at SIPA, and Co-President of Initiative for Policy Dialogue at Columbia University