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Daniel Diaz Fuentes is Full Professor of Economics at the University of Cantabria and Visiting Fellow at ODID from October 2019 to June 2020. He specialises in Regional Development Banks, Fiscal Policy and Income Inequality and Innovation in Public Services. His current research interests concentrate on the transforming potential of Regional Development Banks in a multipolar world economy.
Diaz Fuentes has published over 100 articles in leading international journals including: Cambridge Journal of Regions Economy & Society, Public Management Review, International Review of Administrative Science, Global Policy, Journal of Common Market Studies, Journal of Policy Modelling, Regional Studies, Journal of World Economy, Utilities Policy, Health Policy, Journal Regulatory Economics, Emerging Market Finance and Trade, Journal of Comparative Policy Analysis, International Review of Applied Economics, Annals of Public and Cooperative Economics, Journal of European Public Policy and Review of International Political Economy, among others. He is the author or co-editor of several books, including the forthcoming book on Regional Development Banks in the World Economy (f 2020), and is author of over 70 book chapters in prestigious scientific publishers.
He obtained a PhD in Economics from the University of Alcala (Madrid) and previously taught at the universities of Buenos Aires, Carlos III, and has been visiting scholar at various universities, including Michigan (1992), Oxford (1993-95), London School of Economics (1996), Manchester (1999), European University Institute (2006-2007) and Cornell (2014-15). He is Associated Editor of the Journal of Economic Policy Reform, and a member of the editorial boards of REM Journal of World Economy, Economia Pubblica/The Italian Journal of Public Economics and Revista Uruguaya de Historia Económica. He has worked as a consultant for the United Nations, OECD and European Commission, European Investment Bank.
He is currently completing as principal researcher the H2020 project: CITADEL Empowering Citizens to Transform European Public Administration (2016-2019), and will start the H2020 project TOKEN: Transformative Impact of Blockchain Technologies in Public Services (2020-2023).
Research at ODID
The rise of new Regional Development Banks (RDB), such as the Asian Infrastructure Investment Bank, has emerged in parallel with the transformation of traditional RBD (Diaz-Fuentes et al., 2020a and 2020b) and National Development Banks (Griffith-Jones & Ocampo, 2018; World Bank, 2018). RDB have played key roles as regards economic and social development, as well as integration in their geographical areas. Over the last two decades, RDB have transformed themselves as fundamental financial institutions in a shifting world economy.
This research focuses on the trends and prospects of four RDB in a multipolar world economy. The project is part of a larger international study on RDB trajectories and prospects (Diaz Fuentes et al., 2020a) which the Fellow extends to four key RDB: CAF (Development Bank of Latin America) and the CABEI (Central America Bank for Economic Integration in Latin America), on the one hand, and the EBRD (European Bank for Reconstruction and Development) and the EIB (European Investment Bank) in Europe.
The selection strategy of these RDB is grounded in the fact that these two pairs of RDB present 'maximum variance' in terms of their size, enlargement, regional scope, synergies and complementarities, respectively. Despite these differences, all of these RDB have expanded beyond their original remits, as regards region of operation, objectives, operations and functions. RDB are generally positioned on the borderline between public and private corporations that perform in financial markets (Griffith Jones and Tyson, 2013). The recent changes in their public and private nature, performance, logic and interest constitute another feature for their analysis (FEPS, 2018, Mertens et al 2020).
Thus, from a dynamic comparative perspective, combining international political economy, corporate governance, international finance approaches, this study will assess the extent to which these RDB have transformed along different outlines (lending and borrowing practices and priorities, balance of power of government as shareholders and borrowers, statuary objectives and missions). The final aim is to further extend our understanding of the potentials and pitfalls of these RDB activities given their growing importance in promoting traditional objectives (development and integration, Ben-Artzi, 2016; Clifton et al. 2018) and new goals in social innovation and sustainable development.