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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Bergant, Katharina
Beste egile batzuk: Fidora, Michael, Schmitz, Martin
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2020.
Saila:IMF Working Papers; Working Paper ; No. 2020/046
Sarrera elektronikoa:Full text available on IMF