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Quantitative easing, bond risk premia and the exchange rate in a small open economy

Christensen, Jens H. E.; Zhang, Xin - 2024

inflation risk premia, and increased nominal bond safety premia, suggestive of signaling, portfolio rebalance, and safe asset … Riksbank and the European Central Bank (ECB) on bond risk premia in the Swedish government bond market. Using a novel arbitrage … Sveriges Riksbank's bond purchases raised inflation and short-rate expectations, lowered nominal and real term premia and …

Persistent link: https://www.econbiz.de/10014517711

Lending Resumption After Default : Lessons From Capital Markets During the 19Th Century

Sole, Juan - 2006

This paper mines the experience of capital markets during the 19th century to propose an alternative way of interpreting international default episodes. The standard view is that defaulting on sovereign debt entails exclusion from capital markets. Yet we have observed multiple instances of...

Persistent link: https://www.econbiz.de/10014402978

The Microstructure of Government Securities Markets

Dattels, Peter - 1995

This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient...