EIB Papers

An efficient, sustainable and secure supply of energy for Europe
Meeting the challenge

• Shimon Awerbuch & Spencer YangEfficient electricity generating portfolios for Europe: maximising energy security and climate change mitigation
  (Shimon Awerbuch & Spencer Yang)
• The economics of promoting security of energy supply
  (Machiel Mulder, Arie ten Cate & Gijsbert Zwart)
• Strategic investment in international gas transport systems
  (Franz Hubert)
• The economics of energy efficiency: barriers to profitable investments
  (Joachim Schleich)
• Pros and cons of alternative policies aimed at promoting renewables
  (Dominique Finon)
• Environmental and technology externalities: policy and investment implications
  (Atanas Kolev & Armin Riess)

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An efficient, sustainable and secure supply of energy for Europe
Global and European policy perspectives

• Energy – revival of a burning matter
  (Atanas Kolev & Armin Riess)
• European energy policy: meeting the security of supply and climate change challenges
  (Dieter Helm)
• The art of managing energy security risks
  (Coby van der Linde)
• Fossil fuels and clean, plentiful energy in the 21st century: the example of coal”Juan Alario, “EU policy objectives and energy investment decisions
  (Mark Jaccard)
• EU policy objectives and energy investment decisions
  (Juan Alario)
• The drivers of oil prices: the usefulness and limitations of non-structural models, supply-demand frameworks,and informal approaches
  (Bassam Fattouh)

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An industrial policy for Europe? From concepts to action

• No policy is an island - on the interaction between industrial and other policies
  (Timo Välilä)
• Competition policy at war with industrial policy?
  (Andreas Strohm)
• Innovation and research policies: two case studies of R&D subsidies
  (Otto Toivanen)
• Vertical industrial policy in the EU: an empirical analysis of the effectiveness of state aid
  (Jordi Gual & Sandra Jódar)
• Industrial policy in East Asia - lessons for Europe
  (Ha-Joon Chang)
• The European Commission's new industrial policy
  (Christopher Allen, Didier Herbert & Gert-Jan Koopman)

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An industrial policy for Europe? Context and concepts

• Industrial policy: a tale of innovators, champions, and B52s
  (Armin Riess & Timo Välilä)
• Industrial policy in Europe in the 20th century
  (James Foreman-Peck)
• De-industrialisation
  (Olivier Debande)
• Theoretical foundations of industrial policy
  (Elie Cohen)
• Industrial policy from a systems-of-innovation perspective
  (Charles Edquist & Cristina Chaminade)
• Coordination of industrial policy in the European Union
  (Richard Baldwin & Philippe Martin)

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Innovative financing of infrastructure - the role of public-private partnerships: Lessons from the early movers

• Is the PPP model applicable across sectors?
  (Armin Riess)
• Value-for-money measurement in public-private partnerships
  (Paul Grout)
• Lessons from the Private Financial Initiative in the United Kingdom
  (Patricia Leahy)
• Public-private partnerships: some lessons from Portugal
  (Riu Sousa Monteiro)
• Public-private partnerships in new EU member countries of Central and Eastern Europe
  (Andreas Brenck, Thorsten Beckers, Maria Heinrich & Christian von Hirschhausen)
• Public-private partnerships: prerequisites for prime performance
  (Campbell Thomson)

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Innovative financing of infrastructure - the role of public-private partnerships: Infrastructure, economic growth, and the economics of PPPs.

• Roads on a downhill? Trends in EU infrastructure investment
  (Timo Välilä, Tomasz Kozluk & Aaron Mehrotra)
• Public capital and economic growth: a critical survey
  (Ward Romp & Jakob de Haan)
• Is there a lack of public capital in the European Union?
  (Christophe Kamps)
• How expensive are cost savings?
  On the economics of public-private partnerships
  (Timo Välilä)
• Public-private partnerships: contract design and risk transfer
  (Mathias Dewatripont & Patrick Legros)

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The internationalisation of production in Europe: Case studies of foreign direct investment in old and new EU member states

• Export-platform FDI: the Irish experience
  (Frank Barry)
• Where do foreign firms locate in France and why?
  (Thierry Mayer)
• FDI in Hungary: the first mover's advantage and disadvantage
  (Magdolna Sass)
• FDI in small accession countries: the Baltic states
  (Gábor Hunya)

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The internationalisation of production in Europe: Causes and effects of foreign direct investment and non-equity forms of international production

• The internationalisation of production: moving plants, products, and people
  (Armin Riess & Kristian Uppenberg)
• Long-term trends in international production
  (Zbigniew Zimny)
• Determinants and growth effects of foreign direct investment
  (Kristian Uppenberg & Armin Riess)
• The employment effects of foreign direct investment
  (Jozef Konings)
• Regional integration, FDI, and regional development
  (Ari Kokko & Patrik Gustavsson)

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Europe's changing financial landscape: The financing of small and medium-sized enterprises

• SME finance in Europe: introduction and overview
  (Rien Wagenvoort)
• Are finance contraints hindering the growth of SMEs in Europe?
  (Rien Wagenvoort)
• Financing the German Mittlelstand
  (Ulrich Hommel and Hilmar Schneider)
• Financing small business in France
  (Michel Dietsch)
• Small business finance in Italy
  (Luigi Guiso)

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Europe's changing financial landscape: Recent developments and prospects

• The transformation of finance in Europe: introduction and overview
  (Eric Perée and Armin Riess)
• Stock markets, banks, and economic development: theory and evidence
  (Thorsten Beck)
• The role and development of EU capital markets
  (Graham Bishop)
• Institutional investors, financial market efficiency, and financial stability
  (E.Philip Davis)
• Restructuring in the banking industry with implications for Europe
  (Arnoud Boot)

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• The financial sector, macroeconomic policy and performance
  (Robert A. Feldman, Nancy Wagner)
• Exchange rate regimes and financial vulnerability
  (Paul De Grauwe & Marianna Grimaldi)
• Anchor, float or abandon ship: Exchange rate regimes for the Accession countries
  (Willem Buiter & Clemens Grafe)

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The financial integration of an enlarged EU: Banking and capital markets

• Practice makes perfect: A review of banking in Central and Eastern Europe
  (Armin Riess, Rien Wagenvoort & Peter Zajc)
• The Czech Republic's banking sector: Emerging fromturbulent times
  (Dana Hájková, Jan Hanousek & Libor Nemecek)
• Hungary's banking sector: Achievements and challenges
  (Éva Várhegyi)
• Slovenian banks a decade later
  (Peter Zajc)
• Successful banking in an enlarged EU
  (Erich Hampel)
• The future of Eastern European capital markets
  (Jens Köke & Michael Schröder)

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The 2001 EIB Prize

• Preface of the President
• First Prize: Better schools for Europe
  (Erich Gundlach & Ludger Wössmann)
• Second Prize: Democracy in transition economies: Grease of sand in the wheels of growth?
  (Jan Fidrmuc)
• Third Prize: The Evolution of the UK North-South divide: Should we mind the gap?
  (Gilles Duranton & Vassilis Monastiriotis)

The Mediterranean Region - A special report

• Further integration with the EU: Just one ingredient in the reform process
  (Armin Riess, Patrick Vanhoudt & Kristian Uppenberg)

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European economic growth: The impact of new technologies

• Preface of the President
• The Conference Speakers
• Wonders will never cease: Prospects for a new economy in Europe
  (Christopher Hurst & Kristian Uppenberg)
• Productivity growth prospects and the new economy
  (Paul David)
• Measuring economic growth and the new economy
  (Patrick Vanhoudt & Luca Onorante)
• ICT clusters in development: Theory and evidence
  (Danny Quah)
• Nothing ventured, nothing gained
  (Hermann Hauser)
• Regional development and the new economy
  (Andrew Gillepsie, Ranald Richardson & James Cornford)
• Computers and employment: The truth about e-skills
  (Luc Soete and Bas ter Weel)
• The diffusion of information technology in Europe
  (Harald Gruber)

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Regional convergence in Europe: Theory and empirical evidence

• A survey of socio-economic disparities between the regions of the EU
  (Daniel Moucque)
• Convergence across countries and regions: Theory and empirics
  (Angel de la Fuente)
• Agglomeration and regional imbalance: Why? And is it bad?
  (Jacques-François Thisse)
• The role of public policy in the process of regional convergence
  (Philippe Martin)
• How productive are capital investments in Europe
  (Patrick Vanhoudt, Thomas Mathä & Bert Smid)

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Regional Development in Europe: An assessment of policy strategies

• What diagnosis for Europe's ailing regions?
  (Christopher Hurst, Jacques-François Thisse & Patrick Vanhoudt)
• Regional disparities in Greece: The performance of Crete, Peloponnese & Thessaly
  (Yannis Ioannides & George Petrakos)
• Abruzzo & Sicily: Catching up and lagging behind
  (Rudolfo Helg, Giovanni Peri & Gianfronco Viesti)
• Economic convergence and regional development strategies in Spain: The case of Galicia and Navarre
  (Andres Rodriguez-Pose )
• Ten years after: Eastern Germany's convergence at a halt?
  (Margarethe Quehenberger)
• Contributing to regional development through project selection
  (Bertrand Rossert)

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The 1999 EIB Prize

• First Prize: Are European regional policies delivering?
  (Philippe Martin)
• Second Prize: Hard Currency and sound credit: A financial agenda for Central Europe
  (Rudi Dornbusch & Francesco Giavazzi)
• Third Prize: Deregulation, integration and market structure in European banking
  (Jordi Gual)
• Special Topic Prize: Solving the unemployment puzzle in Europe
  (Jens Verner Andersen & Jørn Henrik Rasmussen)

Recent EIB Research

• How well do European loan markets work?
  (Rien Wagenvoort & Christopher Hurst)

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European banking after EMU

• Editor's Introduction
  (Christopher Hurst & Rien Wagenvoort)
• The impact of EMU on portfolio management
  (Martin Brookes)
• New capital market opportunities in Euroland
  (Graham Bishop)
• European capital markets: Competition between systems
  (Colin Mayer)
• Comments on the future of the EU capital markets
  (Luigi Spaventa)
• The structure of financial systems and macroeconomic instability
  (Danial Gros & Karel Lannoo)
• Supervision of banks after EMU
  (Clas Wihlborg)
• On the road to wonderland? Bank restructuring after EMU
  (Christopher Hurst, Eric Perée & Mireille Fischbach)
• Who are Europe's efficient bankers?
  (Rien Wagenwoort & Paul Schure)
• Increasing concentration and competition in European banking: The end of anti-trust?
  (Philip Molyneux)
• The case for a European-wide strategy
  (Jean Dermine)
• Financial service strategies in the euro-zone
  (Ingo Walter)

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International financial institutions in the 21st century

• Only a mid-life crisis? The future for IFIs in an integrated world
  (Christopher Hurst & Eric Perée)
• One hundred years after Bretton Woods: A future history of the World Bank Group
  (Michael Klein)
• The evolving role of multilateral development banks: History and prospects
  (Jannik Lindbaek, Guy Pfeffermann & Neil Gregory)
• Multilateral development banks and global public networks: Speculations for the next century
  (Jean-François Rischard)
• The purpose, management and governance of IFIs: A case study of ambiguity
  (Pasquale Scandizzo)
• Making the most of markets: The role of IFIs
  (Nicholas Stern & Hans Peter Lankes)
• IFIs and the provision of international public goods
  (Joseph Stiglitz)
• A discussion between Alfred Steinherr and Jacques Attali.

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Employment in Europe

• A discussion of the papers and an overview of the role of investment
  (Christopher Hurst)
• The unemployment problem in Europe: Lessons for implementing the OECD Jobs Strategy
  (Jorgen Elmeskov)
• Does technical progress create unemployment?
  (Gilles Saint-Paul)
• The consequences of EU enlargement for Central and Eastern European labour markets
  (Michael Burda)
• The impact of EMU on European unemployment
  (José Vinals & Juan Jimeno)
• Investment stimulation, with the example of housing
  (Jacques Drèze, Alain Durré & Henri Sneessens)
• The employment effects of investment projects
  (Ole Rummel & Thomas Schröder)
• Financing young and innovative enterprises in Europe: Supporting the venture capital industry
  (Pascale Viala)

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The 1997 EIB Prize

• First Prize: What is the optimum strategy for freezing exchange rate parities at the start of EMU?
  (Bernadette Frédérick & Peter Vanden Houte)
• Second Prize: Eurobanking, a new world
  (Jean Dermine)
• Joint Third Prize: The dynamics of European integration
  (Daniel Gros)
• Joint Third Prize: On the efficiency of national social security systems in the European Union
  (Martin Kolmar)

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Special Issue: Banking in an uncertain world

• The too-big-to-fail doctrine revisited
  (Edward Gardener & Philip Molyneux)
• High real interest rates: A long-term risk?
  (Agnès Belaisch)
• Expected loss as credit risk measure
  (Pier-Luigi Gilibert)
• The capital structure of private infrastructure projects and the risk of default
  (Jacques Girard & Christopher Hurst)
• Value-at-risk and capital adequacy: The challenge for financial regulation
  (Kristian Kjeldsen)

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Special Issue on EMU

• The steeple chase towards EMU
  (Daniel Gros))
• On the feasibility of EMU with diverse European economic transmission mechanisms
  (Ole Rummel)
• Is Maastricht a good contract?
  (Bernhard Winkler)
• How to fix conversion rates at the start of EMU
  (Paul De Grauwe)
• A proposal to stabilise the value of the ECU
  (Luis Gonzalez-Pacheco & Alfred Steinherr)

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