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Financial Instruments and Promotional Banking in the EU are Growing — But is this Justified?

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  • Jorge Núñez Ferrer

    (Centre of European Policy Studies)

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.

Suggested Citation

  • Jorge Núñez Ferrer, 2018. "Financial Instruments and Promotional Banking in the EU are Growing — But is this Justified?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 53(6), pages 326-331, November.
    • Handle: RePEc:spr:intere:v:53:y:2018:i:6:d:10.1007_s10272-018-0777-9
    DOI: 10.1007/s10272-018-0777-9
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    Cited by:

    1. Daniel Gros & Roberto Musmeci, 2019. "Preparing for the next MFF: Where did the money go in the past?," Working Papers LuissLab 19147, Dipartimento di Economia e Finanza, LUISS Guido Carli.

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