This study documents that asset purchase programs can dampen market liquidity. It uses a unique dataset of global euro …

propose a methodology which takes into account specific features of Euro-denominated wholesale funding markets. We discuss the …

confronting euro area governments. It suggests that pooling fiscal risks, creating an EU Treasury and issuing jointly-backed euro … advantages and disadvantages of euro bonds and concludes that issuing euro bonds can transform a market that is fragmented along … investors and wealth managers to use euro bond instruments as a tool for payment or transactions needs as well as short …