DATABASE REPORTS

Introduction：

The New Structural Economics Development Financing Research Paper Series aims to build the first comprehensive database of worldwide development financing institutions (DFIs) and foster original research on the rationales, operations, performance, and impact of DFIs to improve understanding of these important institutions and achieve better development outcomes.

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  NSE Development Financing Research Report No. 4

  Title:Art in the Doing: Public Development Banks Serving Public Policies

  Authors:Jiajun XU, Régis MARODON, Wen CHEN, Jean-Baptiste JACOUTON

  Launched:August 2023

  Abstract:This report aims to investigate the specific public policy areas (PPAs) public development banks and development financing institutions (PDBs/DFIs) pursue in practice. This fills a gap in the literature given that little is known about the specific PPAs to which PDBs/DFIs dedicate their efforts, and whether PDBs/DFIs with a single official mandate engage in PPAs other than their main mandate.

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  NSE Development Financing Research Report No. 3

  Title:Funding Sources of National Development Banks

  Authors:Jiajun Xu, Kedi Wang, Xinshun Ru

  Launched:June 2021

  Abstract:In the aftermath of the global financial crisis and the outbreak of the recent coronavirus pandemic, the importance of NDBs in playing a counter-cyclical role in times of crises, bridging the infrastructure financing gap, advancing structural economic transformation, and achieving sustainable development has received increasing recognition. The world is witnessing their renaissance. Access to large, long-term, and stable funding sources is a prerequisite for achieving NDBs’ objectives. However, so far a lack of data has prevented researchers from providing answers to the following questions: What are the main types of funding sources available to NDBs, and what are the stylized facts of such funding sources? To fill this gap, the Institute of New Structural Economics at Peking University is the first to systematically collect data on the funding sources of NDBs worldwide. We will propose typologies of NDBs’ funding sources, present basic empirical evidence regarding these funding sources, and identify the stylized facts to lay the groundwork for solid academic and policy research in the future.

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  NSE Development Financing Research Report No. 2

  Title:Mapping 500+ Development Banks——Qualification Criteria, Stylized Facts, and Development Trends

  Authors:Jiajun Xu, Régis Marodon, Xinshun Ru

  Launched:October 2021

  Abstract:This report aims to make three decisive contributions. First, refine the qualification criteria and operational indicators of PDBs and DFIs to clearly distinguish them from other institutional arrangements, including (but not confined to) government credit programs, aid agencies, grant-executing agencies, state-owned commercial banks with policy functions, cooperative banks initiated by practitioners from specific sectors such as agriculture, forestry, animal husbandry, and fishery, and private financial institutions such as microfinance institutions initiated by private actors whose aim is in line with public policy objectives. Second, identify a comprehensive list of PDBs and DFIs currently active in every part of the world in a consistent manner on the basis of empirical evidence. Third, classify PDBs and DFIs into different categories to reveal the vast diversity within the PDB and DFI family by collecting their basic information (such as official mandate) and basic financial indicators (such as total assets). This systematic effort to identify PDBs and DFIs worldwide will lay the foundation for rigorous academic research in the future.

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  NSE Development Financing Research Report No. 1

  Title:Mapping Development Finance Institutions Worldwide: Definitions, Rationales and Varieties

  Authors:Jiajun Xu, Xiaomeng Ren, Xinyue Wu

  Launched:May 2019

  Abstract:Development finance institutions (DFIs) have played an important role in practice, but there has been limited research. One major reason behind the research gap is the lack of data. This report aims to fill the gap by building the first comprehensive database on DFIs worldwide. A list of more than 500 worldwide DFIs has been published in the report for the first time.