Bezhoska, Anita Angelovska –; Mitreska, Ana; … - In: Journal of Central Banking Theory and Practice 7 (2018) 2, pp. 25-48
This paper attempts to empirically assess the impact of the ECB’s quantitative easing policy on capital flows in the countries of the Central and South Eastern region. Given the tight trade and financial linkages of the region with the euro area, one should expect that the buoyant liquidity...