Fabiani, Josefina; Fidora, Michael; Setzer, Ralph; … - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 3, pp. 375-421
of the ECB's asset purchase programmes. We define sudden stops as abrupt declines in private net financial inflows, i … asset purchase programmes have overall almost halved the risk of severe sudden stops in euro area countries. We find …