<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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...

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

Publicado en línea: 13 sept 2021

Páginas: 27 - 38

Recibido: 17 jun 2020

Aceptado: 02 jul 2020

DOI: https://doi.org/10.2478/crdj-2021-0003

Palabras clave
Business Model, European Investment Bank (EIB), Institutional Governance

© 2021 Helen Kavvadia, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Publicado en línea: 13 sept 2021

Páginas: 27 - 38

Recibido: 17 jun 2020

Aceptado: 02 jul 2020

DOI: https://doi.org/10.2478/crdj-2021-0003

Palabras claveBusiness Model, European Investment Bank (EIB), Institutional Governance

© 2021 Helen Kavvadia, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Palabras clave
Business Model, European Investment Bank (EIB), Institutional Governance