The rise of European development banking

Todd Tucker
Finance and Society, 2022, 8(1): 89-92


Hidden in plain sight, courtesy of new and rebooted national development banks (NDBs), a robust and expansive suite of industrial policy practices has emerged across Europe. In The Reinvention of Development Banking in the European Union, editors Daniel Mertens, Matthias Thiemann, and Peter Volberding treat readers to a treasure trove of 12 chapters studying 27 NDBs with a combined balance sheet of 1.53 trillion euros, or about 4.6 percent of the total European banking system.

Book review