Similar Search Results

Negative monetary policy rates and portfolio rebalancing : evidence from credit register data

Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; … - 2019

, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply-- -and hence the real economy---through a …

Persistent link: https://www.econbiz.de/10012009439

Banks' holdings of risky sovereign bonds in the absence of the nexus : yield seeking with central bank funding or de-risking?

Frey, Rainer; Weth, Mark - 2010

For the largest 55 German banks, we detect the presence of countercyclical yield seeking in the form of acquisition of high-yielding periphery bonds in the period from Q1 2008 to Q2 2011. This investment strategy is pursued by banks not subject to a bailout, banks characterised by high...

Persistent link: https://www.econbiz.de/10012014102

The portfolio rebalancing effects of the ECB's asset purchase programme

Bua, Giovanna; Dunne, Peter G. - In: International journal of central banking : IJCB 15 (2019) 5, pp. 1-46

Persistent link: https://www.econbiz.de/10012174731

Heterogeneous effects of unconventional monetary policy on bond yields across the euro area

Demir, İshak; Eroğlu, Burak Alparslan; … - 2019

monetary policy shock across diﬀerent countries, maturities, yield components and over time. The results identify a signiﬁcant …

Persistent link: https://www.econbiz.de/10012147209

The true nature of the portfolio balance channel of quantitative easing policy

Jakl, Jakub - In: Národohospodářský obzor : časopis věnovaný … 19 (2019) 2, pp. 95-117

This paper analyses the effects of the ECB's Public sector purchase programme (PSPP) on portfolios of the Eurozone … sectoral data regression analysis of asset holdings of different investors in the Eurozone. This study addresses questions … the Eurozone to reallocate their funds. The series of obtained regression estimates and counterfactual analysis graphic …

Persistent link: https://www.econbiz.de/10012026893

International effects of a compression of euro area yield curves

Feldkircher, Martin; Gruber, Thomas; Huber, Florian - 2019

-step-ahead forecasts conditional on the euro area yield curve shock improve Sharpe ratios relative to other investment strategies. …

Persistent link: https://www.econbiz.de/10012030981

International effects of a compression of euro area yield curves

Feldkircher, Martin; Gruber, Thomas; Huber, Florian - In: Journal of banking & finance 113 (2020), pp. 1-14

Persistent link: https://www.econbiz.de/10012226140

Portfolio rebalancing and the transmission of large-scale asset purchase programs : Evidence from the euro area

Albertazzi, Ugo; Becker, Bo; Boucinha, Miguel - In: Journal of financial intermediation 48 (2021), pp. 1-13

Persistent link: https://www.econbiz.de/10012801726

Understanding the use of unconventional monetary policy for portfolio decarbonisation in Europe

Muñiz, José Antonio; Larkin, Charles; Corbet, Shaen - In: Journal of international money and finance 150 (2025), pp. 1-24

Persistent link: https://www.econbiz.de/10015184970

The Portfolio of Euro Area Fund Investors and ECB Monetary Policy Announcements

Bubeck, Johannes; Habib, Maurizio Michael; Manganelli, … - 2021

This paper studies the impact of major ECB monetary policy announcements on the portfolio allocation of euro area fund investors, using daily data between 2012 and mid-2016, a period that includes a variety of unconventional measures. We distinguish between active portfolio reallocation, driven...

Persistent link: https://www.econbiz.de/10013315441