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Public Banks by Thomas Marois

Public Banks

by Thomas Marois
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Book cover type: Paperback
  • ISBN13: 9781108984515
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 338
  • Original Price: USD 38.0
  • Language: English
  • Edition: Reprint
  • Item Weight: 454 grams
  • BISAC Subject(s): Development / Economic Development

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 banks are neither essentially good nor bad. Rather, they are dynamic institutions, made and remade by contentious social forces. As the first single-authored book on public banks, this timely intervention examines how these institutions can confront the crisis of climate finance and catalyse a green and just transition. The author explores six case studies across the globe, demonstrating that public banks have acquired the representative structures, financial capacity, institutional knowledge, collaborative networks, and geographical reach to tackle decarbonisation, definancialisation, and democratisation. These institutions are not without contradictions, torn as they are between contending public and private interests in class-divided society. Ultimately, social forces and struggles shape how and if public banks serve the public good.

Marois, Thomas: - Thomas Marois is a Senior Lecturer at SOAS University of London and Senior Research Fellow in Patient Finance and Banking at the UCL Institute for Innovation and Public Purpose (IIPP). Thomas sits on the Advisory Board of the Public Banking Institute, has authored the book States, Banks and Crisis (2012), and co-edited the book Public Banks and Covid-19 (2020).

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