@techreport{487ed68c75a848d380391caafb352f5c,
title = "An Empirical Investigation of the EBRD's Lending Policy (1991-2003)",
abstract = "The institutional purpose of the European Bank for Reconstruction and Development (EBRD) is to foster the transition towards open market-oriented economics. This paper investigates the lending policy of the bank (during the period 1991-2003) as a practical device to achieve the previous target. By building up an original database based on the public records of the contracts signed by the EBRD, we are able to isolate a clear strategy: the entry of foreign multinational corporations into transition countries serves as a pillar to consolidate the creation of the market system. This result is achieved by empirically analyzing the determinants of the credit granted to a group of local and foreign borrowers.",
keywords = "Credits, Investments, Multinational firms, Transition Economics",
author = "Lionel Artige and Rosella Nicolini",
note = "Financial support from research grants 2009SGR00600 and SEJ2008-01850 is acknowledged.",
year = "2012",
month = jul,
day = "19",
doi = "10.2139/ssrn.2113377",
language = "English",
series = "SSRN Working papers",
number = "2113377",
type = "WorkingPaper",
}