2 European Central Bank (2016), “Business investment developments in the euro area since the crisis”,  Economic Bulletin, Issue 7; Bank for International Settlements (2017), “87th Annual Report”; Barkbu B., Berkmen P., Lukyantsau P., Saksonovs S., and H. Schoelermann (2015), “Investment in the euro area: why has it been weak?”, IMF Working Paper, No. 32; Arce O.
(2017), “Financing corporate investment along the recovery: the case of Spain”, presentation at the Global Interdependence Center, March. 3 For more detail on this point see Draghi, M. (2017), “Monetary policy and the economic recovery in the euro  area”, speech at The ECB and Its Watchers XVIII Conference, Frankfurt am Main, 6 April 2017. 4 For people aged 15–64. 5 2008Q1 to 2017Q2.