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ECB Interventions in Distressed Sovereign Debt Markets : The Case of Greek Bonds

Trebesch, Christoph - 2018

We study central bank interventions in times of severe distress (mid-2010), using a unique bond-level dataset of ECB purchases of Greek sovereign debt. ECB bond buying had a large impact on the price of short and medium maturity bonds, resulting in a remarkable "twist" of the Greek yield curve....

Persistent link: https://www.econbiz.de/10012929524

ECB Interventions in Distressed Sovereign Debt Markets : The Case of Greek Bonds

Trebesch, Christoph - 2018

Persistent link: https://www.econbiz.de/10012938010

The AAA-ization of Greek Debt

Triana, Pablo - 2017

The often lambasted bailout loans granted by Europe and the IMF to Greece since 2010 have allowed the Greek government … debtors. Thanks to the bailouts and their incredibly generous financial terms, Greece has de facto been transformed into a … in all the assistance received from the official sector lenders (the Eurozone in particular), Greece's effective interest …

Persistent link: https://www.econbiz.de/10012961446

The Bail-Out! Positive Political Economics of Greek-Type Crises in the EMU

Fahrholz, Christian - 2013

The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...

Persistent link: https://www.econbiz.de/10013094281