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The impact of the ECB asset purchases on the European bond market structure: granular evidence on ownership concentration

Boermans, Martijn; Keshkov, Viacheslav - 2018

Persistent link: https://www.econbiz.de/10011844664

Underpricing in the euro area corporate bond market : new evidence from post-crisis regulation and quantitative easing

Rischen, Tobias; Theissen, Erik - 2018

We conduct the most extensive study of underpricing in the euro area bond market so far and find strong evidence of underpricing. In cross-sectional regressions we find patterns that are consistent with bookbuilding-based theories of underpricing and inconsistent with liquidity-based...

Persistent link: https://www.econbiz.de/10011879015

What option prices tell us about the ECB's unconventional monetary policies

Olijslagers, Stan; Petersen, Annelie; Vette, Nander de; … - 2018

We use a series of different approaches to extract information about crash risk from option prices for the Euro-Dollar exchange rate, with each step sharpening the focus on extracting more specific measures of crash risk around dates of ECB measures of Unconventional Monetary Policy. Several...

Persistent link: https://www.econbiz.de/10011940034

Unconventional monetary policy and inflation expectations in the euro area

Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020

Auswirkungen der unkonventionellen Geldpolitik ist nicht trivial, da standardisierte empirische Instrumente wie die VAR … Problem zu lösen. Wir stellen fest, dass die unkonventionelle Geldpolitik zwar kurzfristig zu einem Anstieg der … beigetragen hat. Dennoch deuten sie auf einen durch die unkonventionelle Geldpolitik ausgelösten Anstieg des mittelfristigen …

Persistent link: https://www.econbiz.de/10012149519

Managing financial stability by the European Central Bank in the period 2008-2012

Ciukaj, Radosław - In: Copernican Journal of Finance & Accounting : CJF&A 5 (2016) 2, pp. 57-72

Persistent link: https://www.econbiz.de/10012216135

Making room for the needy : the credit-reallocation effects of the ECB’s corporate QE

Arce, Óscar; Gimeno, Ricardo; Mayordomo, Sergio - 2017

Persistent link: https://www.econbiz.de/10011793148

The effect of ECB monetary policies on interest rates and volumes

Creel, Jérôme; Hubert, Paul; Viennot, Mathilde - In: Applied economics 48 (2016) 46/48, pp. 4477-4501

Persistent link: https://www.econbiz.de/10011640122

The central bank balance sheet as a policy tool : past, present and future

Bailey, Andrew; Bridges, Jonathan; Harrison, Richard; … - 2020

Persistent link: https://www.econbiz.de/10012597986

What option prices tell us about the ECB's unconventional monetary policies

Olijslagers, Stan; Petersen, Annelie; Vette, Nander de; … - 2019

Persistent link: https://www.econbiz.de/10011992544

The macroeconomic impact of the ECB's expanded asset purchase programme (APP)

Gambetti, Luca; Musso, Alberto - 2017

This paper provides empirical evidence on the macroeconomic impact of the expanded asset purchase programme (APP) announced by the European Central Bank (ECB) in January 2015. The shock associated to the APP is identified with a combination of sign, timing and magnitude restrictions in the...

Persistent link: https://www.econbiz.de/10011659350