1. bookVolume 1 (2020): Issue 1 (December 2020)
Journal Details
License
Format
Journal
eISSN
2718-4978
First Published
09 Jul 2020
Publication timeframe
2 times per year
Languages
English
access type Open Access

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

Published Online: 13 Sep 2021
Volume & Issue: Volume 1 (2020) - Issue 1 (December 2020)
Page range: 27 - 38
Received: 17 Jun 2020
Accepted: 02 Jul 2020
Journal Details
License
Format
Journal
eISSN
2718-4978
First Published
09 Jul 2020
Publication timeframe
2 times per year
Languages
English
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

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