From a Policy Bank to a Crowding-In Bank: The Development of the European Investment Bank in the Last Ten Years, as Seen through Its Business Model

Croatian Regional Development Journal. Vol. 1. Nr 1, pp. 30-43. Jul 9, 2020. SSN: 2718-4978.

Posted: 8 Dec 2020

Date Written: July 9, 2020

Abstract

The European Investment Bank (EIB), the primary financial arm of the European Union (EU) has become of central interest in the last ten years. The EIB has been increasingly solicited by the EU to bolster the European economy during the global crisis and support its recovery thereafter. Calls have recently been voiced for the EIB to contribute to the European Green Deal and the post-pandemic economic stimulus. This paper studies the EIB’s role in the European economy through its business model in the period from 2009–2019. The paper’s prime objective is to investigate what enabled the EIB to act in a countercyclical mode and how the EIB met the new economy needs in this turbulent environment.

Keywords: Business Model, European Investment Bank (EIB), Institutional Governance

Suggested Citation

Kavvadia, Helen, From a Policy Bank to a Crowding-In Bank: The Development of the European Investment Bank in the Last Ten Years, as Seen through Its Business Model (July 9, 2020). Croatian Regional Development Journal. Vol. 1. Nr 1, pp. 30-43. Jul 9, 2020. SSN: 2718-4978. , Available at SSRN: https://ssrn.com/abstract=3743452

Helen Kavvadia (Contact Author)

University of Luxembourg ( email )

11, Porte des Sciences
Campus Belval – Maison des Sciences Humaines
Esch-sur-Alzette, L-4366
Luxembourg

HOME PAGE: http://www. uni.lu

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