This course will look at regional development banks from a number of geographical areas including Europe (EIB), Eastern Europe (EBRD), BRICS (NDB), China founded banks (AIIB) and Latin American and African development banks. We will also study new regional liquidity arrangements and investigate their position and effect in relation to the Bretton Woods institutions. We will also specifically look at securitization as a means to include private investment to combat climate change both on developed and developing markets. The purpose of this course is to introduce development finance field to students in order to study the challenges of actors that point beyond economics and finance to the field of security studies.
Students will be introduced theoretically to the analysis of politics of setting and measuring development goals and environmental conditions together with an evaluation for the relevance of financial data creation throughout this exercise. The course will play a special attention to the importance of financialization for altering development finance practices, goals and stability.
Empirically, the course will look at a number of development financial actors, but will mainly focus on multilateral development banks. The course will thoroughly analyze the role of the IMF and the World Bank in development finance and will also consider a number of other regional development banks.
Finally, the course takes development finance as being part and parcel of global finance and the global economy and therefore establishes links between particular changes with global structural processes and practices and their interpretations.