Abstract
Now in its second year of operation, the European Bank for Reconstruction and Development was the first new institution set up by the West to cope with the historical challenge of helping to transform the centrally planned economies of Eastern Europe into market economies. Strongly criticized for its lack of funds and its redundant profile when compared to the World Bank and the European Investment Bank, the “European Bank” is still struggling to assume an independent role in the transformation process and remains a controversial institution.
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According to: The Economist, 10 August 1991, p. 21.
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This is a revised version of a paper delivered by the author to the 33rd Annual Convention of the International Studies Association, April 2, 1992, in Atlanta, Georgia, USA.
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Jakobeit, C. The EBRD: Redundant, or an important actor in the transformation of Eastern Europe?. Intereconomics 27, 119–123 (1992). https://doi.org/10.1007/BF02926321
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DOI: https://doi.org/10.1007/BF02926321