1st Edition

Public Banks and Public Purpose From Short-Term Crisis Responses to Long-Term Climate Prospects

Edited By Diana V. Barrowclough, Thomas Marois Copyright 2026
222 Pages
by Routledge

222 Pages
by Routledge

This book examines the resurgence of public banks and their critical role in addressing global climate and development-related challenges. Drawing from the lessons of the 2008-09 financial crisis, the implementation of the UN Sustainable Development Goals, and most crucially, the COVID-19 pandemic, it provides a comprehensive analysis of how public banking institutions can effectively scale up... Read more

Introduction

Public Banks and Public Purpose: From Pandemic Responses to Future Climate Prospects

Diana V. Barrowclough and Thomas Marois

 

1. The Role of Public Development Banks During the Pandemic: Impact Evaluation of BICE's Innovative Credit Response

Alejandro M. Danon, Rafael Tessone and Guido Zack

 

2. The Double Function of Turkey’s Public Banks and Reinterpretation of Mandates during the Covid-19 Pandemic

Ali Rıza Güngen

 

3. From State Developmentalism to Financial Populism: The ‘Bank of Welfare' and Mexico’s Moral Economy

Nadine Reis and Germán Vargas Magaña

 

4. Mandate Matters: Evolving Views and Counter-cyclical Surprises from the World’s Newest, Southern-led, Multilateral Development Banks*

Diana Barrowclough

 

5. National and Multilateral Development Banks during the COVID-19 Pandemic: The Role of the IADB and CDC-BII during the Second Phase

Marco Carreras and Stephany Griffith-Jones

 

6. Public Development Banks as Essential Infrastructure: Covid, the KfW, and Public Purpose

Thomas Marois

 

7. The Italian Development Bank: A Dynamic View of CDP’s Public Mission

Anita Quas and Daniela Vandone

 

8. Public Banking, Overlapping Emergencies, and the Eurozone Periphery: The Portuguese Case

Victoria Stadheim

 

Biography

Diana V. Barrowclough is a Senior Economist at United Nations Trade and Development (UNCTAD). Her research focuses on development finance, regional integration and cooperation, and sustainable economic policies. She has co-edited and authored numerous UN and other publications, including Southern-Led Development Finance: Solutions from the Global South (2021) and South-South Regional Financial Arrangements: Collaboration Towards Resilience (2022)

Thomas Marois is Professor of Political Economy, Canada Research Chair in Public Banking, and Director of the Public Banking Project at McMaster University, Canada. His research investigates the role of public financial institutions in addressing climate change and promoting equitable development. He is the author of the award-winning Public Banks: Decarbonisation, Definancialisation, and Democratisation (2021).