We conduct the most extensive study of underpricing in the euro area bond market so far and find strong evidence of … crisis and has remained at an elevated level since. We also show that secondary market liquidity in the euro area bond market … and the Volcker Rule. Furthermore, our evidence suggests that the ECB’s asset purchase programs have led to a decrease in …

green bond issuer and whether a negative green bond premium, a so-called Greenium, can be expected for the NGEU green bonds … a significant Greenium (-0.7 bps) in the public green bond market and that the Greenium increases for supranational … towards a greener Europe. Thereby, the EU is not only entering the green bond market, but also set to become one of the …

rapidly evolving green bond market. In addition, the effect of ECB bond purchases on yields under the corporate sector … purchase program (CSPP) and the pandemic emergency purchase program (PEPP) is examined. The analysis shows that ECB bond …The green bond market has grown strongly in recent years, especially in the euro area. With regard to the European …

This papers analyzes the effect of the ECB’s Corporate Sector Purchase Programme (CSPP) and the recent Pandemic … bond market. We exploit these policy changes using a difference-in-differences strategy, with ineligible corporate green …

We document capital misallocation in the U.S. investment-grade (IG) corporate bond market, driven by quantitative … easing (QE). Prospective fallen angels - risky firms just above the IG rating cutoff-enjoyed subsidized bond financing since …