ECB paper looks at eurozone corporate debt purchases
Buying of corporate bonds by ECB boosted issuance of euro-denominated debt – researchers
Eurozone firms increased their issue of euro-denominated debt in response to a European Central Bank bond initiative to purchase corporate bonds, two researchers find.
In Unconventional monetary policy and corporate bond issuance, published by the ECB, Roberto A De Santis and Andrea Zaghini look at the ECB’s corporate sector purchase programme. In this programme, the ECB bought some eurozone firms’ corporate bonds, and the authors examine how it affected the issue of more debt.
The authors
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