International Capital Flows at the Security Level – Evidence from the ECB’s Asset Purchase Programme

International Capital Flows at the Security Level – Evidence from the ECB’s Asset Purchase Programme
We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Programme at the security level. Our empirical analysis shows that euro area investors (in particular investment funds and households) actively rebalanced away from securities targeted under the Public Sector Purchase Programme and other euro-denominated debt... READ MORE...

Publication date: February 2020
ISBN 9781513529233
$18.00

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