Creating a Learning Society: A New Approach to Growth, Development, and Social Progress,
Reader's Edition Page 1 Creating a Learning Society KENNETH J. ARROW LECTURE SERIES …

This paper explores the empirical relevance of banking market structure on growth. There is
substantial evidence of a positive relationship between the level of development of the …

The paper develops a typological framework of the roles of state investment banks (SIBs) in
the economy. The typology identifies four different roles: countercyclical; developmental; …

Since the 1990s there has been a significant decline in the share of total bank credit flowing
to nonfinancial firms relative to real estate and financial assets. This has raised concerns …

Defendants of state-owned development banks emphasize their role in reducing capital
constraints and fostering productive investment; detractors point out that they may benefit …

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 …

This book challenges conventional wisdoms both about economic performance and about
policies for economic development in African countries. Its starting point is the striking …

This paper argues that the housing affordability and wealth inequality crises facing
advanced economies are driven by the emergence of a feedback cycle between finance and …

Throughout the Western world, a whole generation is being priced out of the housing
market. For millions of people, particularly millennials, the basic goal of acquiring decent …

We posit a life-cycle hypothesis for the evolving role of National Development Banks (NDBs)
using the case of one of the largest such institutions in the world, the Brazilian Development …