ECB paper backs broader financing alternatives
A European Central Bank (ECB) occasional paper, published yesterday, advocates the creation of more resilient capital structures in the eurozone, where non-financial corporations (NFCs) can access funding through a range of diverse sources.
The paper, Corporate Finance and Economic Activity in the Euro Area, says the ECB has "contained the intense pressures" that lead to "disorderly deleveraging" in both the financial and non-financial private sector during the crisis.
These measures were aimed
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