{"id":75094,"date":"2024-09-24T16:29:00","date_gmt":"2024-09-24T15:29:00","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=event&#038;p=75094"},"modified":"2025-03-12T13:06:52","modified_gmt":"2025-03-12T13:06:52","slug":"caroline-flammer-research-seminar-series","status":"publish","type":"event","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/caroline-flammer-research-seminar-series\/","title":{"rendered":"Blended Finance | Caroline Flammer"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p class=\"wp-block-paragraph\">Professor&nbsp;<a class=\"link link--external\" href=\"https:\/\/www.columbia.edu\/~cf2870\/\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">Caroline Flammer&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a>&nbsp;at the Grantham RSS event on Wednesday 19 March. Professor Flammer is the A. Barton Hepburn Professor of Economics at Columbia University. Caroline will be discussing &lsquo;Blended Finance&rsquo;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Abstract<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&lsquo;Blended finance&mdash;the use of public and philanthropic funding to crowd in private capital&mdash;is a potential way to finance a more sustainable world. We provide a conceptual framework that formalizes the decision-making of development finance institutions (DFIs) that engage in blended finance, and provide empirical evidence using deal-level data from a major DFI. Consistent with our conceptual framework, we find that DFIs provide higher concessionality for projects with higher sustainability impact. Moreover, the concessionality is higher for projects in countries with higher political risk and information asymmetries. In such cases, the blending tends to also include risk management provisions.&rsquo;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\">\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Research Seminar Series is open to all LSE researchers. No pre-registration required to attend the seminars. If you wish to attend the seminars or want to be kept informed about upcoming seminars, please email&nbsp;<a href=\"mailto:Gri.Events@lse.ac.uk\">Gri.Events@lse.ac.uk<\/a>.<\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>Professor&nbsp;Caroline Flammer&#65279;&nbsp;at the Grantham RSS event on Wednesday 19 March. Professor Flammer is the A. Barton Hepburn Professor of Economics&hellip;<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[2384,4904,215,4542,4842],"event-type":[35],"topic_area":[],"class_list":["post-75094","event","type-event","status-publish","hentry","tag-blended-finance","tag-development-finance-institutions","tag-finance","tag-private-capital","tag-public-finance","event-type-research-seminar-series"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"start_date":{"ref_value":"field_52f56b18a98ba","value":"20250319","type":false,"post_type":""},"start_time":{"ref_value":"field_52f56b33a98bb","value":"14:00:00","type":false,"post_type":""},"end_date":{"ref_value":"field_52f56bb58f239","value":"20250319","type":false,"post_type":""},"end_time":{"ref_value":"field_52f56bd38f23a","value":"15:30:00","type":false,"post_type":""},"event_venue":{"ref_value":"field_531c65c575d35","value":"FAW 9.04, London School of Economics, Clement\u2019s Inn, London WC2A 2AZ","type":false,"post_type":""},"location":{"ref_value":"field_559cf9dc612b6","value":"","type":false,"post_type":""},"external_speaker":{"ref_value":"field_5374dcb208782","value":"","type":false,"post_type":""},"eventbrite_link":{"ref_value":"field_52f59e0b20728","value":"","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["caroline-flammer-research-seminar-series"],"type":"relationship","post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blended Finance | Caroline Flammer - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/caroline-flammer-research-seminar-series\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blended Finance | Caroline Flammer - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Professor&nbsp;Caroline Flammer&#65279;&nbsp;at the Grantham RSS event on Wednesday 19 March. 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