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Markets Union initiative, the €315bn Investment Plan, and the ECB’s €1,100bn asset purchase scheme. They jointly face a unique … regulatory treatment within the CMU, and are eligible to the ECB’s purchase programme and collateral. ? Set a strategic objective … featuring the credit information collected by commercial and central banks. ? Re-orientate the ECB’s purchases away from …
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Has the General Motors (GM) and Ford crisis in 2005 spread to the whole credit default swap (CDS) market? To answer this question, we study the correlations between CDS premia, by using a sample of 226 CDSs on major US and European firms. We show that correlations significantly increased during...
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