The European Investment Bank to the rescue? COVID-related lending as incremental change

European Investment Bank (EIB); European Guarantee Fund (EGF); European Investment Fund (EIF); European Union (EU); Covid- 19; health; small and medium-sized enterprises; historical Institutionalism; path dependence

Abstract :

[en] The European Investment Bank (EIB) was officially part of a coordinated European Union (EU) strategy to address the impact of the COVID-19 pandemic. However, we argue that despite the worst socio-economic crisis to hit most European countries since the Second World War, the EIB failed to deviate from a set path that delimited acceptable forms of lending. We apply a historical institutionalist analysis to explain how and why the EIB continued to engage in principally low risk lending activities via the commercial banking sector, and failed to significantly increase lending to the public health sector.

Disciplines :

Political science, public administration & international relations

Author, co-author :

HOWARTH, David ; University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) > Political Science

KAVVADIA, Helen ; University of Luxembourg

External co-authors :

Language :

English

Title :

The European Investment Bank to the rescue? COVID-related lending as incremental change

Publication date :

20 October 2023

Journal title :

Journal of Economic Policy Reform

ISSN :

1748-7870

Publisher :

Informa UK Limited

Pages :

1-20

Peer reviewed :

Peer Reviewed verified by ORBi

Focus Area :

Finance

Development Goals :

3. Good health and well-being

Additional URL :

https://www.tandfonline.com/doi/pdf/10.1080/17487870.2023.2268251

Available on ORBilu :

since 21 October 2023

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