Finansal krizlerin Avrupa İmar ve Kalkınma Bankası'nın yatırım davranışlarına etkisi

The main objective of this thesis is to investigate the changes in the European Bank for Reconstruction and Development's (EBRD) investment behavior and whether the Bank could fulfill its objectives to support the reconstruction, transition and modernization of the former Socialist Bloc countries set at its establishment. The focus of this research is analyzing the Bank's behavior in pre-crisis, crisis and post-crisis periods. Its main task is to examine how a global institution like EBRD behaves in situations of crises and what are its strong sides and vulnerabilities. The research covers the period from the Bank's establishment in 1991 until the end of the Great Recession in 2010. The analyzed sources are official statistics about the project involvement which are created and accumulated as a result from the Bank's functioning over the years. Finally, the thesis targets to prove that despite the negative impacts of financial crises and recessions, the Bank manages to adhere its mission and objectives by playing a stabilizing and correcting functions on the investment market. The study uses SWOT analysis, with the help of the VRIO model and TOWS matrix to suggest how EBRD could optimize its impact by using the power of its strengths and opportunities to minimize the weaknesses and fights the threats. From the presented arguments, examined indicators, and phenomena it can be concluded that the Bank was negatively affected by the global financial crises but it was able to restore its usual volume of investment relatively quickly.