New research reveals key factors behind Europe's low investment levels.
The book "Finance and Investment: The European Case" is the result of a two-year research program that looked into why Europe has low investment levels. The researchers studied how the financial system affects corporate investment, bank lending, equity financing, and government involvement. They used new and existing data, advanced tools, and lessons from financial crises to analyze the European financial system thoroughly. The findings provide valuable insights for academics and policymakers to improve future financial policies.