The chapter introduces the phenomenon of development banks, explains the traditional theoretical framework where the existence of DFIs is discussed and why they represent a rising and important component of State Capitalism. It also describes the characteristics of contemporary DFIs in Europe and discuss their growing role in funding innovation and supporting a response to global and new societal challenges.We present the empirical analysis, which aims at discussing the role of DFIs as vehicles for state intervention in several sectors, with a specific focus on their strategic support to innovation.
Contemporary development financial institutions in Europe / Stefano Clò; Marco Frigerio; Daniela Vandone;. - ELETTRONICO. - (2020), pp. 1-22.
Contemporary development financial institutions in Europe
Stefano Clò
;
2020
Abstract
The chapter introduces the phenomenon of development banks, explains the traditional theoretical framework where the existence of DFIs is discussed and why they represent a rising and important component of State Capitalism. It also describes the characteristics of contemporary DFIs in Europe and discuss their growing role in funding innovation and supporting a response to global and new societal challenges.We present the empirical analysis, which aims at discussing the role of DFIs as vehicles for state intervention in several sectors, with a specific focus on their strategic support to innovation.
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