We study the feasibility and benefits of implementing an across-the-curve credit spread index for the Eurozone. We … propose a methodology which takes into account specific features of Euro-denominated wholesale funding markets. We discuss the …

We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Programme at the security level …. Our empirical analysis shows that euro area investors (in particular investment funds and households) actively rebalanced … away from securities targeted under the Public Sector Purchase Programme and other euro-denominated debt securities …

We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Pro- gramme at the security level …. Based on net transactions of domestic and foreign securities, we observe euro area sectors' capital ows into individual … that euro area investors (in particular investment funds and households) actively rebal- anced away from securities …

for the eurozone. The triple euro area crisis showed the costly consequences of ignoring the "safety trilemma". Keeping a … capital mobility and maintaining economic and financial stability in a monetary union. The euro area needs a single safe … countries must therefore act as the joint sovereign behind the euro and choose from two options. First, they could establish a …