@article{1432062,
      author = {Volberding, Peter.},
      url = {http://library.usi.edu/record/1432062},
      title = {Leveraging financial markets for development : how KfW  revolutionized development finance /},
      abstract = {"This is an excellent book on an increasingly important  topic, and proves a valuable resource for academics,  students, and policy-makers." --Stephany Griffith-Jones,  Professor, Columbia University, USA "Peter Volberding  addresses a long-standing issue of delivering effective  financing for sustainable economic development. He does not  simply provide the origin, evolution and challenges of  marketized development financial instruments, he goes  beyond!" --Désiré Kanga, Centre for Global Finance, SOAS  University of London, UK "Peter Volberding's engaging  account documents the actors and institutions--notably, the  German state-owned KfW--that made this revolutionary change  possible." --Beth Simmons, Professor, University of  Pennsylvania, USA This book investigates how development  institutions created and promoted marketized development  financial instruments to increase the speed and scope of  assistance by leveraging private financial markets for  development objectives. To attract private investors, donor  governments agreed to bear the risk in these new  instruments in order to mobilize investment during times of  political crisis. In particular, this book contends that  Germany's KfW played an outsized role in the development of  these new financial instruments, particularly in  microfinance banks and structured funds, as KfW's unique  institutional attributes and strong political support from  the German government at critical junctures fostered  financial innovation. Using over 70 interviews and a cache  of newly released archival materials, this book documents  how KfW and other development institutions created and  promoted these marketized development financial  instruments, and how they have become a pillar of modern  development policy. Peter Volberding received his PhD from  the Government Department at Harvard University, USA.--},
      doi = {https://doi.org/10.1007/978-3-030-55008-0},
      recid = {1432062},
      pages = {1 online resource},
}