Original scientific paper
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
Helen Kavvadia
; University of Luxembourg
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
Hrčak ID:
251397
URI
Publication date:
9.7.2020.
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