Cooperation with the London School of Economics

The EIB is partnering with the London School of Economics (LSE) on consultancy project (capstone projects) on selected topics relevant to the EIB. These capstone projects are part of the curriculum of the LSE’s Master in Public Administration (MPA) Programme. Other organisations regularly hosting capstone projects include the World Bank, EBRD and OECD and the UK Government.

Eight capstone projects have already taken place. In 2017-2018, the capstone project conducted with the European Investment Fund was about How to estimate SME credit rationing and financing gap in Europe using firm-level micro data. In 2016-2017 two capstone projects were conducted, one with the European Investment Fund on how to make the SAFE European survey on access to finance for SMEs a more useful tool for the EIF? and one with the EIB on the rate of return to capital in the EU.  In 2015-2016, for the first time, two capstone projects were conducted, one evaluating the EIB Institute’s Knowledge Programme and one with the EIF on new indicators for SME financing in Europe.

The first capstone, in 2012-2013, was about analysing the process of interest rate re-setting employed by the EIB in the financial restructuring of existing loans. In 2013-2014, the capstone was a study of bad banks and a comparative analysis of bad banks vs restructuring teams. In 2014-2015, the focus of the capstone was the impact of the new UK regulatory framework on the credit profile of energy and water utilities.