| 来源类型 | VoxEU Column |
| 规范类型 | 评论 |
| The transmission mechanism of the ECB's Corporate Sector Purchase Programme | |
| Frank Betz; Roberto De Santis; Andrea Zaghini | |
| 发表日期 | 2021-06-04 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Monetary policy can stimulate credit provision – and as a result, economic activity – through the purchases of corporate bonds. This column assesses euro area financing conditions and shows they have improved since the announcement of the ECB Corporate Sector Purchase Programme on 10 March 2016, with corporate bond spreads tightening and bond issuance increasing. Moreover, the unconventional monetary policy triggered a shift in bank loan supply in favour of firms that do not have access to bond-based financing. |
| 主题 | EU policies ; Financial Regulation and Banking |
| 关键词 | CSPP Ecb euro area financing Corporate Sector Purchase Programme |
| URL | https://cepr.org/voxeu/columns/transmission-mechanism-ecbs-corporate-sector-purchase-programme |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/556115 |
| 推荐引用方式 GB/T 7714 | Frank Betz,Roberto De Santis,Andrea Zaghini. The transmission mechanism of the ECB's Corporate Sector Purchase Programme. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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