The paper analyses the relationship between deposit insurance, debt-holder monitoring, and risk taking. In a stylised banking model we show that deposit insurance may reduce moral hazard, if deposit insurance credibly leaves out non-deposit creditors. Testing the model using EU bank level data...

In this briefing paper we evaluate the performance of the EIB in its external lending and policies in relation to developing economies including its response to the financial crisis. We recommend policy changes including greater absolute levels of lending to developing economies and greater risk...

This study focuses on the period 2000-2006, giving an overall evaluation of the role and actions of the financial institutions in the implementation of the structural funds in Southern Italy and especially in Calabria and Sicily. In general what lessons can be drawn from the role of financial...

The purpose of this evaluation is to provide policy-makers and managers of the Commission’s relevant external co-operation Services as well as other relevant DGs (such as DG Trade and DG Environment), and the EC Delegations in Chisinau and Kiev, with an independent assessment of the EC...

This evaluation assesses the relevance, efficiency, effectiveness, impact and sustainability of the European Commission’s support to its partner countries in the energy sector. It covers interventions designed or implemented during the 1996-2007 period in all the external cooperation partner...

This evaluation commissioned by the European Commission aims at providing an overall independent assessment of its aid delivery through Development Banks and the EIB during the period 1999-2006. It concerns financial flows or “channelling” from the Commission to the aforementioned...

The objective of this evaluation is to assess the extent to which budget support has contributed to achieving its expected results by helping the Government of Ghana (GoG) to strengthen the implementation of its national and sectoral strategies. The study covers all operations with disbursements...

Sustainable energy is fundamental to social and economic development and to power sustainable growth. It is needed to improve livelihoods in developing countries, ensuring access to clean water, cooking, education and healthcare for their people. Energy poverty is also among the root causes of...