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The impact of quantitative easing (QE) on the cost of debt in project finance investments

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  • Roberto Moro Visconti

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.

Suggested Citation

  • Roberto Moro Visconti, 2016. "The impact of quantitative easing (QE) on the cost of debt in project finance investments," Public Money & Management, Taylor & Francis Journals, vol. 36(2), pages 129-135, March.
    • Handle: RePEc:taf:pubmmg:v:36:y:2016:i:2:p:129-135
    DOI: 10.1080/09540962.2016.1118937
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    References listed on IDEAS

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    1. Signe Krogstrup & Dr. Samuel Reynard & Barbara Sutter, 2012. "Liquidity Effects of Quantitative Easing on Long-Term Interest Rates," Working Papers 2012-02, Swiss National Bank.
    2. Inderst, Georg, 2013. "Private infrastructure finance and investment in Europe," EIB Working Papers 2013/02, European Investment Bank (EIB).
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    Cited by:

    1. Hsu, Feng-Jui & Chen, Sheng-Hung, 2021. "US quantitative easing and firm’s default risk: The role of Corporate Social Responsibility (CSR)," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 650-664.

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