Specialness - the premium of procuring a specific security in the repo market - increased in the second half of 2011 for Italian government bonds. We assess the impact on specialness of the outright purchase program of the Eurosystem during the same period. Bonds bought by the Eurosystem had...

The phenomenon of climate change, which has been guiding discussions around the contemporary economic development process, has sparked a series of initiatives aimed at outlining strategies for the future of humanity. Considering the magnitude of the challenge to be faced, which involves a...