Financing long-term investment: ongoing initiatives and the main policy directions

Giuseppe Grande and Giovanni Guazzarotti

No 238, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The topic of financing long-term investment is on the top of the agenda of economic policy makers and it is among the priorities of the Italian Presidency of the European Union. The paper describes the main international initiatives in the field and highlights the three most promising courses of action: (i) the revival of bank lending, also through the resumption of securitisation; (ii) the promotion of non-bank finance, with incentives for risk capital, the development of specialised financial institutions and more detailed information on firms; (iii) the efficient use of public resources, through loan guarantees, tax incentives and European financial instruments.

Keywords: long-term financing; investments; infrastructures; small and medium enterprises (search for similar items in EconPapers)
JEL-codes: G23 G24 G28 G32 G38 (search for similar items in EconPapers)
Date: 2014-09
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_238_14

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