Clifton, Judith; Díaz-Fuentes, Daniel; Revuelta, Julio - In: Utilities Policy 29 (2014) C, pp. 63-71
investment in utilities as a counter-cyclical measure. To take stock and, in order to evaluate the role of the EIB in financing … utilities over time, we compile and analyze an original database of all EIB utilities project loans from 1958 to 2004. We find … the EIB started out by functioning as a regional development bank, prioritizing utilities finance in its members' poorer …