Ferrari, Massimo; Guagliano, Claudia; Mazzacurati, Julien - 2021
financial crisis, partly due to regulatory reforms. Using bond-level data from both repo and securities lending markets, this …, i.e. the collateral scarcity premium, proxied by specialness of government bond repos. We find that the cost of … the launch of the ECB quantitative easing programme has a statistically significant, albeit limited, impact on sovereign …