Abstract
Institutions and the European Investment Bank are at the forefront of EU investment policy. Their role is expanding and it is now a widely-held position that an improvement in the economy will not eliminate the need for their intervention. The proposals for the 2021–2027 MFF launch more financial instruments and present ‘InvestEU’ as a larger more powerful version of the European Fund for Strategic Investments (EFSI). However, promotional banking is often misunderstood and so is the actual size of promotional banking in Europe in which InvestEU will operate.
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This represents solely the opinion of the author and does not necessarily represent the views of CEPS or any other institution.
Jorge Núñez Ferrer, Centre for European Policy Studies (CEPS), Brussels, Belgium.
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Núñez Ferrer, J. Financial Instruments and Promotional Banking in the EU are Growing — But is this Justified?. Intereconomics 53, 326–331 (2018). https://doi.org/10.1007/s10272-018-0777-9
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DOI: https://doi.org/10.1007/s10272-018-0777-9