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The European Association for Banking and Financial History (eabh) e.V.


Development Banks

History, Role, Impact

23 Feb 2021 at 12:00pm


eabh in conversation (on zoom) with Aldo Musacchio (Brandeis International Business School) and  Daniel Díaz (Universidad de Cantabria)

in cooperation with IBF and Leibniz Institute SAFE

discussants: Carmen Hofmann (eabh) and  Reinhard H. Schmidt (Goethe University Frankfurt)


How well do States’ Banks do?

Development banks are seen as an important tool to solve market imperfections, alleviate capital scarcity and fund long term infrastructure projects. At the same time they are often criticised for supporting politically well connected industrialists and political regimes.

Despite this controversy and the relevance of these state banks in many countries, empirically studies are rare. Aldo, Daniel and their  colleagues set out to fill this gap and will, for the first time, share their research findings with a wider international audience.

They take a comparative look and discuss distinct market failures, how they were addressed by state owned banks and how they map into different policy tools that have been used by the banks.


12:00–13:00Development Banks

Aldo Musacchio (Brandeis International Business School)

Daniel Díaz (Universidad de Cantabria)


23 Feb 2021 at 12:00pm to 1:00pm



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