ones, some of the issues involved with the ECB/ESCB programs of public debt purchases in Eurozone bond markets. The ECJ … exceptional measures into a day-to-day component of the ECB/ESCB toolkit, as it has effectively happened. The author upholds that …English Abstract: This paper tackles both from the monetary policy perspective and the political and constitutional …

We provide evidence that the ECB's unconventional monetary policy dampens yield cycles in secondary Eurozone sovereign … debt markets around new sovereign debt auctions. This effect increases in market volatility. Cycles caused by domestic …

have increased the risk of sovereign debt crises. Although crisis prevention remains paramount, these developments have … international architecture for sovereign debt restructurings (SODRs), as seen through the lenses of the International Monetary Fund … Fund can affect SODRs, including its support for enhancing the transparency and public disclosure of sovereign debt …

factor instead imply that the central bank played little role in ending the crisis. I argue that this new factor reflects ECB … Central Bank, a new factor arises which plays a quantitatively important role in explaining the end of the sovereign debt …

decision taken by the ECB in 2005, in the aftermath of the failure of the Stability and Growth Pact. The decision effectively … eventually compromised the safe asset status of government debt for most member states. This paper examines how the ECB …

This paper considers the past, present, and future of the ECB monetary policy. Looking backwards, the ECB has succeeded … in navigating through several crises. Looking forward, the paper examines some of the main challenges confronting the ECB …