Pisani-Ferry, Jean; Wolff, Guntram B. - 2012
mitigated funding needs and reduced interbank stress, and has had a significant impact on sovereign bond yields in southern euro-area … particularly in the southern euro area. Underlying structural problems relating to banks, the macroeconomic adjustment and the euro …The Bank of England, the Federal Reserve (Fed) and the European Central Bank (ECB) have responded to the crisis with …