quantifying the cumulative decrease of spreads and by running event regressions for several Euro Area countries. Focusing on the …

quantifying the cumulative decrease of spreads and by running event regressions for several Euro Area countries. Focusing on the …

credit risk by almost 80%. The mitigation is driven by the euro area periphery and works through three channels: (i) a …

The asset purchase programme of the euro area, active between 2015 and 2018, constitutes an interesting special case of … Quantitative Easing (QE) because the ECB’s Public Sector Purchase Programme (PSPP) involved the purchase of peripheral euro area … incompatible with the observation that risk spreads on peripheral bonds fell when QE in the euro area was announced. However, the …