European Investment Bank; European Bank for Reconstruction and Development; multilateral public banks; comparative lending policy; performance; Europe; development
Abstract :
[en] Europe’s financial architecture has long been criticized as fragmented, notably because its two main multilateral public banks, the European Investment Bank and the European Bank for Reconstruction and Development, have increasingly engaged in lending overlap. This overlap, it is assumed, creates inefficiencies and duplications, undermining the banks’ fulfilment of their missions. However, little is known about this overlap and its consequences. This article comparatively assesses the lending policy of both banks, while focusing on this overlap. It explains how and why bank lending policies initially led to uncoordinated lending overlap, but then shifted, ultimately moving towards a greater coordination of continued lending overlap.
Disciplines :
Finance Political science, public administration & international relations Special economic topics (health, labor, transportation...)
Author, co-author :
Clifton, Judith; Departamento de Economía, Universidad de Cantabria, Santander, Spain ; Maison Sciences Humaines, University of Luxembourg, Esch-sur-Alzette, Luxembourg
Díaz-Fuentes, Daniel; Departamento de Economía, Universidad de Cantabria, Santander, Spain
Gómez Peña, Ana Lara; Departamento de Economía, Universidad de Cantabria, Santander, Spain
HOWARTH, David ; University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) > Political Science
External co-authors :
yes
Language :
English
Title :
Lending Overlap in Europe’s Financial Architecture: A Comparative Analysis
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