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 …

is also not bound by the EU Financial Regulation, which applies to most other EU institutions financed from the EU budget … summarises public procurement rules of other EU institutions, namely, the Financial Regulation and the procurement guide of the … European Investment Bank which, like the ECB, is not subject to the Financial Regulation. The third chapter analyses how the …

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