Bezhoska, Anita Angelovska; Mitreska, Ana; … - 2018
This paper attempts to empirically assess the impact of the ECB's quantitative easing policy on capital flows in the …, one should expect that the buoyant liquidity provided by the ECB might affect the size of the capital inflows. We test …. Contrary to the expected outcome, the results reveal either negative or insignificant impact of the change in the ECB balance …