Roundtable

The Reinvention of Development Banking in the European Union

Industrial Policy in the Single Market and the Emergence of a Field

Add to calendar 2021-04-29 17:00 2021-04-29 18:30 Europe/Paris The Reinvention of Development Banking in the European Union Outside EUI premises YYYY-MM-DD
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When

29 April 2021

17:00 - 18:30 CEST

Where

Outside EUI premises

This event is jointly organized by the Max Weber Programme and the SPS Political Economy Working Group (PEWG).

National development banks (NDBs) have transformed from outdated relics of national industrial policy to central pillars of the European Union's economic project. This trend, which accelerated after the Financial Crisis of 2007, has led to a proliferation of NDBs with an expanded size and scope. However, it is surprising that the EU — which has championed market-oriented governance and strict competition policy — has actually advocated for an expansion of NDBs. This book therefore asks, Why has the EU supported an increased role for NDBs, and how can we understand the dynamics between NDBs and European incentives and constraints?

To answer these questions, the contributing authors analyze the formation and evolution of a field of development banking within the EU, identifying a new field around an innovative conceptualization of state-backed financing for the purposes of policy implementation. Yet rather than focusing solely on national development banks, the authors instead broaden the focus to the entire ecosystem of the field of development banking, which includes political institutions (both in Brussels and in the member states), financing vehicles (such as the Juncker Plan), regulatory bodies (Directorate-General for Competition, Directorate-General for Economic and Financial Affairs), and commercial actors. Seven in-depth case studies on European NDBs, along with three chapters on European-level actors, detail this field of development banking, and answer the questions of when, where, and how development banking occurs within the EU.

Moderator:

Donato Di Carlo (EUI), Max Weber Fellow, SPS Department

Panellists:

Daniel Mertens (University of Osnabrück), Professor of International Political Economy

Matthias Thiemann (Sciences Po), Associate Professor of European Public Policy

Vera Scepanovic (University of Leiden), Lecturer in International Relations and European Studies

Nils Oellerich (EUI), PhD Researcher, SPS Department

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Zoom link will be sent upon registration, due by 28 April (noon).

This book roundtable is jointly organized by the Max Weber Programme and the SPS Political Economy Working Group (PEWG).

Links:

Speaker:

Daniel Mertens (University of Osnabrueck)

Matthias Thiemann (Sciences Po)

Nils Oellerich (EUI - Department of Political and Social Sciences)

Vera Scepanovic (University of Leiden)

Moderator:

Donato Di Carlo (EUI - Max Weber Programme)

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