generate highly-significant auction cycles in other countries. Auction cycles can have a non-negligible effect on debt …-servicing costs, but these may be contained by concentrating debt issuance in tranquil periods, and by coordinating auction calendars … among countries, so as to maximize the dispersion of auction activity in time …

This study provides new evidence on the relationship between unconventional monetary policy and auction cycles in the … public debt auctions. The findings indicate that Eurosystem's asset purchase flows mitigate yield cycles during auction … auction cycles is more sizeable and precisely estimated for purchases of securities with medium-term maturities and in …

financial markets. Three of these temporary programs relied on an auction mechanism: the Term Auction Facility, the Term …

borrow from the Term Auction Facility rather than from the discount window. The incidence of stigma varied according to bank …. -- discount window ; Term Auction Facility ; stigma ; crisis ; monetary policy …