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QE in the euro area : has the PSPP benefited peripheral bonds?

Belke, Ansgar; Gros, Daniel - 2019

The asset purchase program of the Euro area, active between 2015 and 2018, constitutes an interesting special case of Quantitative Easing (QE) because the ECB's (Public Sector Purchase Program) PSPP program involved the purchase of the bonds of peripheral Euro area governments, which were...

Persistent link: https://www.econbiz.de/10012031124

(When) should a non-euro country join the banking union?

Belke, Ansgar; Dobrzańska, Anna; Gros, Daniel; Smaga, Pawel - 2016

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...

Persistent link: https://www.econbiz.de/10011575977

Extraordinary Measures in Extraordinary Times : Public Measures in Support of the Financial Sector in the EU and the United States

Stolz, Stéphanie - 2016

preliminary assessment of the effectiveness of such measures. The geographical focus of the paper is on the European Union (EU …, not only between the EU and the United States (e.g. with regard to the involvement of the central bank), but also within … the EU (e.g. asset relief schemes) …

Persistent link: https://www.econbiz.de/10012991088

Asset Prices in Taylor Rules : Specification, Estimation, and Policy Implications for the ECB

Siklos, Pierre L. - 2016

Persistent link: https://www.econbiz.de/10012991350