Science and technology have had great leaps since World War II. However, many African
countries have remained very poor. To understand this issue, we employ a new metric, the …

Do sovereign wealth funds (SWFs) contribute to Africa's development? This paper assesses
the objectives of SWFs (fiscal stabilization, productive investment, intergenerational saving) …

Patient capital (PC) has gained traction in discussions about how finance can better serve
society. While PC is a central concept in comparative political economy (CPE), this literature …

National development banks remain an important part of modern financial systems in
developed as well as developing countries. They play an important role in providing long …

Since its introduction into Ghana in the 19th century, cocoa has been considered a strategic
crop, over which the post-independence governments have maintained substantial control …

This thesis looks at the relationship between National Development Banks (NDBs),
governments, financial market participants, and non-financial firms in Africa. Despite rapidly …

This dissertation is organized into three essays. The second essay provides a historical
overview of the CFA franc and explores why the CFA franc has survived for so long. It argues …

This introductory chapter reviews the history of financing in the water and sanitation sector in
the Global South, with a focus on the (potential) role of public banks to help meet …

National development banks remain an important part of modern financial systems in
developed as well as developing countries. They play an important role in providing long …