IDEAS home Printed from https://ideas.repec.org/a/bla/jcmkts/v56y2018i4p733-750.html
   My bibliography  Save this article

The European Investment Bank: Development, Integration, Investment?

Author

Listed:
  • Judith Clifton
  • Daniel Díaz†Fuentes
  • Ana Lara Gómez

Abstract

The European Investment Bank (EIB) constitutes one of the main institutional pillars upon which the European Union (EU) was built. Despite this, the institution has attracted surprisingly little research. The EIB Statutes can be boiled down to three overarching objectives that its lending would prioritize – development, integration and investment – but little is known about the extent to which EIB loans fulfil each objective in practice. This article breaks new ground by providing the first comprehensive qualitative and quantitative analysis of EIB loans from its origins to the end of the Cold War. To do so, lending patterns were reconstructed drawing on extensive archival work. Results show that the EIB was the first International Financial Institution to place integration and development above the alleviation of capital constraints.

Suggested Citation

  • Judith Clifton & Daniel Díaz†Fuentes & Ana Lara Gómez, 2018. "The European Investment Bank: Development, Integration, Investment?," Journal of Common Market Studies, Wiley Blackwell, vol. 56(4), pages 733-750, May.
    • Handle: RePEc:bla:jcmkts:v:56:y:2018:i:4:p:733-750
    DOI: 10.1111/jcms.12614
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jcms.12614
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jcms.12614?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zareh Asatryan & Annika Havlik, 2020. "The political economy of multilateral lending to European regions," The Review of International Organizations, Springer, vol. 15(3), pages 707-740, July.
    2. Erforth, Benedikt, 2020. "The future of European development banking: What role and place for the European Investment Bank?," IDOS Discussion Papers 11/2020, German Institute of Development and Sustainability (IDOS).
    3. Clò, Stefano & Frigerio, Marco & Vandone, Daniela, 2022. "Financial support to innovation: The role of European development financial institutions," Research Policy, Elsevier, vol. 51(10).
    4. Guter-Sandu, Andrei & Murau, Steffen, 2022. "The Eurozone’s evolving fiscal ecosystem: mitigating fiscal discipline by governing through off-balance-sheet fiscal agencies," LSE Research Online Documents on Economics 109790, London School of Economics and Political Science, LSE Library.
    5. Griffith-Jones, Stephany & Naqvi, Natalya, 2021. "Industrial policy and risk sharing in public development banks: lessons for the post-COVID response from the EIB and EFSI," LSE Research Online Documents on Economics 113910, London School of Economics and Political Science, LSE Library.
    6. Frigerio, Marco & Vandone, Daniela, 2020. "European development banks and the political cycle," European Journal of Political Economy, Elsevier, vol. 62(C).
    7. Ebeling Antoine, 2022. "European investment Bank loan appraisal, the EU climate bank ?," Working Papers of BETA 2022-10, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jcmkts:v:56:y:2018:i:4:p:733-750. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.