European Parliament Library

Public banks, decarbonisation, definancialisation and democratisation, Thomas Marois

Summary
Public banks are banks located within the public sphere of a state. They are pervasive, with more than 900 institutions worldwide, and powerful, with tens of trillions in assets. Public banks are neither essentially good nor bad. Rather, they are dynamic institutions, made and remade by contentious social forces. As the first single-authored book on public banks, this timely intervention examines how these institutions can confront the crisis of climate finance and catalyse a green and just transition. The author explores six case studies across the globe, demonstrating that public banks have acquired the representative structures, financial capacity, institutional knowledge, collaborative networks, and geographical reach to tackle decarbonisation, definancialisation, and democratisation. These institutions are not without contradictions, torn as they are between contending public and private interests in class-divided society. Ultimately, social forces and struggles shape how and if public banks serve the public good
Table Of Contents
Cover -- Half-title -- Title page -- Copyright information -- Dedication -- Contents -- List of Figures -- List of Tables -- List of Boxes -- List of Abbreviations -- Introduction -- I.1 Resurgent Public Banks and the Crises of Finance, of Climate Finance, and of Covid-19 -- I.2 A Note on Methodology -- I.3 The Argument Restated and Structure of the Book -- 1 The World of Public Banks -- 1.1 Locating Public Banks Within Credit Systems -- 1.1.1 The Types of Public Banks -- 1.2 The Impoverishment of Public Banks in International Development -- 1.3 The World of Public Banks: Institutions and Assets -- 1.3.1 Public Banks by Institutional Type: More than Just Development -- 1.3.2 The Spaces of Public Banks: Geographical and Political -- 1.3.3 The Multilaterals, Central Banks, and Public Pension Funds -- 2 Contrasting Evidence, Contending Views: Towards a Dynamic Alternative -- 2.1 The Contrasting Empirical Evidence -- 2.2 The Contending Theoretical Views -- 2.3 Towards an Alternative Dynamic View -- 3 Credible Legacies, Neoliberal Transition -- 3.1 A Brief History of Public Banking Institutions -- 3.2 A History of Institutional Functions -- 3.3 The Transition to Neoliberalism -- 4 Decarbonisation -- 4.1 The Problem of Public Banks Financing Decarbonisation -- 4.2 The Ways of Public Banks Financing Decarbonisation: The China Development Bank and Nordic Investment Bank -- 4.2.1 The China Development Bank -- 4.2.1.1 History and Current Structure of the CDB -- 4.2.1.2 The CDB and Financing Decarbonisation -- 4.2.2 The Nordic Investment Bank -- 4.2.2.1 History and Current Structure of the NIB -- 4.2.2.2 The NIB and Financing Decarbonisation -- 4.3 Contradicting Green and Growth Imperatives -- 5 Definancialisation -- 5.1 The Problem of Definancialising Finance
Language
eng
Literary Form
non fiction
Note
Title from publisher's bibliographic system (viewed on 21 May 2021)
Physical Description
1 online resource (xv, 320 pages), digital, PDF file(s).
Specific Material Designation
remote
Form Of Item
online
Isbn
9781108996433

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