of the ECB's asset purchase programmes. We define sudden stops as abrupt declines in private net financial inflows, i … asset purchase programmes have overall almost halved the risk of severe sudden stops in euro area countries. We find … of an adverse direct effect of being part of the euro area. Moreover, our econometric analysis suggests that the ECB …

of the ECB's asset purchase programmes. We define sudden stops as abrupt declines in private net financial inflows, i …

of the ECB's asset purchase programmes. We define sudden stops as abrupt declines in private net financial inflows, i …