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What impact does the ECB’s quantitative easing policy have on bank profitability?

Demertzis, Maria, B.Wolff, Guntram, (2016), «What impact does the ECB’s quantitative easing policy have on bank profitability?», Bruegel, 30 Νοεμβρίου

This Policy Contribution shows that the effect of the ECB’s QE programme on bank profitability has not yet had a dramatically negative effect on bank operations.

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