Donal Nevin Lecture 2014
Professor Stephany Griffith Jones gave this presentation at the annual Dónal Nevin lecture 2014. The talk focused on the role public investment banks, such as Kreditanstalt für Wiederaufbau (KfW) in Germany, can play in boosting Ireland’s economic recovery, and made specific proposals on how investment focussed promotional banks can increase levels of growth and job creation. Professor Griffith-Jones welcomed last week's announcement of a plan to create the Strategic Banking Corporation of Ireland. The speed at which the bank is established at the scale of the investment were the key factors identified over the course of the lecture.
Professor Griffith-Jones specialises in international finance, with emphasis on reforming the global financial system to support stable, inclusive economic growth— without costly financial crises. She has made a substantial contribution to the study of financial regulation, governance and international capital flows as well as extensive writing on the role of public development banks in Europe. Her latest book, Time for a Visible Hand: Lessons from the 2008 Crisis, was jointly edited with José Antonio O’Campo and Joseph Stiglitz. Aside from her academic work, she has acted as senior consultant to governments in Eastern Europe and to many international agencies, including the World Bank, the European Commission, UNICEF. Stephany is currently Financial Markets Director at the Initiative for Policy Dialogue at Columbia University and Associate Fellow at the Overseas Development Institute.