Showing 1 - 10 of 587
The global financial crisis rapidly spread across borders and financial markets, and also distressed EU bond markets. The crisis did not hit all markets in the same way. We measure the strength and direction of linkages between 16 EU sovereign bond markets using a factor-augmented version of the...
Persistent link: https://www.econbiz.de/10015301939
Persistent link: https://www.econbiz.de/10015301943
Policy impact studies often suffer from endogeneity problems. Consider the case of the ECB Securities Markets Programme: if Eurosystem interventions were triggered by sudden and strong price deteriorations, looking at daily price changes may bias downwards the correlation between yields and the...
Persistent link: https://www.econbiz.de/10015302475
We use realized variances and covariances based on intraday data from Eurozone sovereign bond market to measure the … dependence structure of eurozone sovereign yields. Our analysis focuses on the impact of news, obtained from the Eurointelligence …-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields …
Persistent link: https://www.econbiz.de/10015302490
Persistent link: https://www.econbiz.de/10015297782
We use a panel of euro area countries to assess the determinants of long-term sovereign bond yield spreads over the …
Persistent link: https://www.econbiz.de/10015298905
On 21 September 2017 the European Central Bank (ECB) announced that it would develop a euro unsecured overnight … would be based entirely on transactions in euro that are reported by banks in the ECB's money market statistical reporting …
Persistent link: https://www.econbiz.de/10015287173
The Eurosystem's digital euro project aims to make central bank money available to the public in digital form. As e …-commerce evolves and people increasingly prefer to make payments using electronic means, a digital euro would bring the valued features … of banknotes into the digital sphere. The aim of a digital euro is to bring value to consumers, merchants and …
Persistent link: https://www.econbiz.de/10015322338
The Eurosystem's digital euro project aims to make central bank money available to the public in digital form. As e …-commerce evolves and people increasingly prefer to make payments using electronic means, a digital euro would bring the valued features … of banknotes into the digital sphere. The aim of a digital euro is to bring value to consumers, merchants and …
Persistent link: https://www.econbiz.de/10015322376
The Eurosystem's digital euro project aims to ensure central bank money evolves alongside current payment preferences … and trends, as well as to facilitate electronic payments everywhere in the euro area and strengthen Europe's strategic … autonomy. A digital euro would be a digital means of retail payment issued by the Eurosystem - which consists of the European …
Persistent link: https://www.econbiz.de/10015275560