Recession-driven low inflation and high spreads have increased the cost of debt in public sector project finance investments, therefore reducing private sector profits and bankability. This paper investigates the impact of quantitative easing by central banks, showing that it can stimulate economic growth producing shared public and private benefits.
Moro Visconti, R., The impact of quantitative easing on the cost of debt in project finance investments, <<PUBLIC MONEY & MANAGEMENT>>, 2016; 2 (36): 129-135. [doi:http://dx.doi.org/10.1080/09540962.2016.1118937] [http://hdl.handle.net/10807/90583]
The impact of quantitative easing on the cost of debt in project finance investments
Moro Visconti, Roberto
2016
Abstract
Recession-driven low inflation and high spreads have increased the cost of debt in public sector project finance investments, therefore reducing private sector profits and bankability. This paper investigates the impact of quantitative easing by central banks, showing that it can stimulate economic growth producing shared public and private benefits.
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