A Dual Entity: The European Investment Bank and Its Lending Policy from Its Origins to the Late 1970s

IF 0.8 2区 历史学 Q1 HISTORY Contemporary European History Pub Date : 2023-08-30 DOI:10.1017/s0960777323000462
Lucia Coppolaro
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Abstract

By reconstructing the lending policy of the European Investment Bank (EIB) from its inception in 1958 to the late 1970s, this article shows that, until the 1970s, the EIB did not pursue EEC (European Economic Community) policies but policy elaborated at the national level. The individual member states’ political priorities and preferences played a key role in shaping the loan operations and the bank's loans were used rather more individualistically by each community country in pursuit of national aims. This situation started to change in the 1970s when internal and external developments to the EEC redeployed and refocused the methods and objectives of the bank so that lending progressively became the result of the interplay between EEC institutions. Gradually, the EIB moved away from being a mere member state's tool to pursue individual national policies, transformed into an EEC policy-driven bank and it became the financial arm of the EEC.
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双重实体:欧洲投资银行及其贷款政策从起源到20世纪70年代末
通过重构欧洲投资银行(EIB)从1958年成立到20世纪70年代末的贷款政策,本文表明,直到20世纪70年代,EIB并没有追求EEC(欧洲经济共同体)的政策,而是在国家层面制定的政策。个别成员国的政治优先事项和偏好在形成贷款业务方面发挥了关键作用,每个共同体国家在追求国家目标时更个人地使用银行的贷款。这种情况在20世纪70年代开始发生变化,当时欧洲经济共同体的内部和外部发展重新部署了该银行的方法和目标,使贷款逐渐成为欧洲经济共同体各机构之间相互作用的结果。逐渐地,欧洲投资银行不再仅仅是成员国执行个别国家政策的工具,而是转变为欧洲经济共同体政策驱动的银行,并成为欧洲经济共同体的金融部门。
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来源期刊
CiteScore
1.00
自引率
25.00%
发文量
88
期刊介绍: Contemporary European History covers the history of Eastern and Western Europe, including the United Kingdom, from 1918 to the present. By combining a wide geographical compass with a relatively short time span, the journal achieves both range and depth in its coverage. It is open to all forms of historical inquiry - including cultural, economic, international, political and social approaches - and welcomes comparative analysis. One issue per year explores a broad theme under the guidance of a guest editor. The journal regularly features contributions from scholars outside the Anglophone community and acts as a channel of communication between European historians throughout the continent and beyond it.
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