Nordycki Bank Inwestycyjny
Loading...
Date
1984
Authors
Advisor
Editor
Journal Title
Journal ISSN
Volume Title
Publisher
WydziaĆ Prawa i Administracji UAM
Title alternative
The Nordic Investment Bank
Abstract
The aim of the article is an attempt to analyse background, structure and
activities of the Nordic Investment Bank and moreover, but subsidiarily, to survey
its specific features in comparison with other similar financial organizations of
the regional intergovernmental co-operation. Taking into account that the Bank
was established as a specialized institution of the global Scandinavian system of
co-operation, it seemed necessary motu proprio to define its position inside this
system, with special attention to the extent and character of its links with both
principal organizations of the Scandinavian co-operation, namely with the Nordic
Council and Nordic Council of Ministers. This is particularly important because
they both took part actively in the process of establishing the Bank and thus were
in a position to reserve for themselves some influence on directions of its activities.
The origins of the Bank were presented against a broader background of
Scandinavian ventures in economic integration. The idea of the Nordic Investment
Bank, in a form of relatively ripe conception, was already considered in the
common market plans in 1957 and 1969. In both cases there was a general consent
of experts as regards detailed organizational and functional provisions of the
drafts, however they failed on the level of top political and economic negotiations.
The third and, this time, successful attempt to set up the Bank took place in
1975.
The structure of the Bank proves to be adequate to its tasks. According to the
Statutes of the Bank, its activities during 1976 - 1982 demonstrate the preference
to provide financing on normal banking terms of projects and exports beneficial
to the Nordic region. Besides typical solutions applied in similar regional investment
banks, the Nordic one distinguishes with some specific features. One of its exceptional
features is no doubt a set of diversified forms linking the Bank not merely
with regional intergovernmental body (Nordic Council of Ministers) but first of all
with Scandinavian parliamentary-governmental assembly (Nordic Council). The operations
of the Bank contribute essentially to stimulation and growth of Nordic
economic interdependences and thereby diminishing to some extent the negative
consequences of centrifugal tendencies in the region. It seems justified to conclude
that the Nordic Investment Bank as the specialized institution has been thus flexibly
connected with general directions of regional programme of Scandinavian co-operation
and integration.
Description
Sponsor
Digitalizacja i deponowanie archiwalnych zeszytĂłw RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
Keywords
Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 46, 1984, z. 2, s. 137-155
Seria
ISBN
ISSN
0035-9629