The corporate sector purchase programme (CSPP): Challenges and future prospects
Djupanalys
15-09-2017
The ECB has adopted a variety of different unconventional monetary policy measures since the Global Financial Crisis. In 2016, the ECB additionally adopted the corporate sector purchase programme (CSPP), during which the ECB buys bonds of the private non-financial sector for the first time. One important reason for the adoption of the CSPP possibly was that business investment has been persistently weak in the euro area after the Global Financial Crisis. In this briefing paper, we provide a first assessment of the CSPP, including a discussion of challenges for and future prospects of the programme.
Djupanalys
Extern avdelning
Salomon FIEDLER, Nils JANNSEN, Matthias RADDANT (Kiel Institute for the World Economy)
Om detta dokument
Publikationstyp
Sökord
- bank
- EKONOMI
- ekonomisk analys
- ekonomisk analys
- enhetlig monetär politik
- EU-institutionerna och EU:s förvaltning
- EU-investering
- euroområdet
- Europeiska centralbanken
- EUROPEISKA UNIONEN
- FINANSER
- finansiell stabilitet
- finansiering och investering
- finansmarknad
- fri rörlighet för kapital
- investeringsfrämjande åtgärder
- kredit- och finansinstitut
- monetära förhållanden
- obligation
- penningväsen