. According to our results, the sovereign bond purchases would generate an increase in economic activity and in inflation in the …

Bond portfolio outflows from emerging market economies (EMEs) are typically associated with currency depreciation and … crisis in mid-March 2020. The impact of bond portfolio outflows varies across countries, depending on factors such as bond … was thrown into sharper relief during the Covid-19 pandemic. Recent policy responses, such as bond purchase programmes …

short-term effects of policy announcements on exchange rates and sovereign bond yields. We find that on average a central … bank's first whatever-it-takes announcement lowers 10-year bond yields by an additional 47 basis points relative to size …

connectedness measures find distinct and complementary information from CDS and bond yield data on European area sovereign risk. The … detection and use of these second moment di erences of CDS and bond data is new to the literature and allows to identify …

We document the existence of a global monetary policy factor in sovereign bond yields in a panel of 45 countries … points for B rated sovereigns. Fiscally weaker Eurozone countries benefited most from Quantitative Easing, with their …-crisis levels may lead to sharp increases in sovereign bond yields globally with severe consequences for financial stability …