The Reinvention of Development Banking in the European Union Industrial Policy in the Single Market and the Emergence of a Field

Daniel Mertens, Professor of International Political Economy, University of Osnabrueck,Matthias Thiemann, Associate Professor of European Public Policy, Sciences Po,Peter Volberding, Consultant, Bain & Company

Daniel Mertens is Professor of International Political Economy at the University of Osnabr?ck. Prior to that, he was an assistant professor at Goethe University Frankfurt and a visiting scholar at Northwestern University. His work ranges from the politics of credit markets and banking to analyses of the modern tax state.

Matthias Thiemann is an assistant professor for European Public Policy at Sciences Po. His work focuses on the reconfiguration of financial markets after the 2007-8 crisis, with a particular focus on shadow banking, macro-prudential regulation, and the role of development banks in stabilizing financial markets.

Peter Volberding recently graduated with a PhD from the Government Department at Harvard University. His dissertation focused on the interaction between development banks, private financial markets, and development financial instruments.

1. Introduction: The Making of a European Field of Development Banking, Daniel Mertens, Matthias Thiemann, and Peter Volberding
Section I: Development Banking and European Governance
2. United in Diversity? Interests, Preferences, and Patterns of Engagement of Public Development Banks in the Implementation of the EU Budget, Eulalia Rubio and Matthias Thiemann
3. State Aid and National Development Banks in the EU, Peter Volberding
4. Leveraging Policy Steer? Industrial Policy, Risk-sharing, and the European Investment Bank, Stephany Griffith-Jones and Natalya Naqvi
Section II: The Many Faces of Development Banking in the EU
5. A German Model? KfW, Field Dynamics and the Europeanization of 'Promotional' Banking, Daniel Mertens
6. Privatization, Crisis, and the Transformation of Cassa Depositi e Prestiti, Fabio Bulfone and Donato Di Carlo
7. The Rise of Bpifrance: The Rebirth of a Dirigiste State?, Matthias Thiemann and Peter Volberding
8. Is a European "Hidden Investment State" Emerging in Spain? The Role of Instituto de Cr?dito Oficial, Judith Clifton, Daniel D?az Fuentes, Clara Garc?a, and Ana Lara G?mez
9. Managing the Contradictions of Development Finance in the EU's Eastern Periphery: Development Banks in Hungary and Poland, D?ra Piroska and Katalin M?rő
10. Development Finance in the Baltic States and the process of Europeanisation, Olga Mikheeva and Egert Juuse
11. The Rise, Fall, and Return of Promotional Banking in Greece, Jens Bastian
12. Conclusion: Development Banking and the Future of European Capitalism, Daniel Mertens, Matthias Thiemann, and Peter Volberding