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 Se...

Повний опис

Бібліографічні деталі
Автор: Bergant, Katharina
Інші автори: Fidora, Michael, Schmitz, Martin
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2020.
Серія:IMF Working Papers; Working Paper ; No. 2020/046
Онлайн доступ:Full text available on IMF