Albrizio, Silvia; Kataryniuk, Iván; Molina Sánchez, Luis
that the announcement of ECB euro liquidity lines has a direct positive signalling effect since the premium paid by foreign …. Additionally, the paper provides suggestive evidence that these facilities generate positive spillbacks to the euro area since … domestic bank equity prices increase by 6.7% in euro area countries highly exposed via banking linkages to countries whose …