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Companies' continue to respond to the ECB's corporate sector purchase programme

After a sharp increase in corporate bond issuance following the ECB’s announcement in March this year, corporates continue to respond to the Corporate

Publishing date
14 July 2016
Authors
Maria Demertzis

Corporate bond issuance is continuing to pick up for a third month on a trot. We are interpreting this to mean that companies are responding to the ECB's Corporate Sector Purchase Program. There still remains to be seen what companies do with the cash obtained, to be able to evaluate the effectiveness of this new program.

 

 

About the authors

  • Maria Demertzis

    Maria Demertzis is a Senior fellow at Bruegel and part-time Professor of Economic Policy at the Florence School of Transnational Governance at the European University Institute. She was Bruegel’s Deputy Director until December 2022. She has previously worked at the European Commission and the research department of the Dutch Central Bank. She has also held academic positions at the Harvard Kennedy School of Government in the USA and the University of Strathclyde in the UK, from where she holds a PhD in economics. She has published extensively in international academic journals and contributed regular policy inputs to both the European Commission's and the Dutch Central Bank's policy outlets. She contributes regularly to national and international press and has regular column that appears twice a month in various EU newspapers and on Bruegel’s opinion page.

Theme
Macroeconomic policy and governance Banking and capital markets
Keyword
european central bank capital markets
Language
English

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