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...

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Detalhes bibliográficos
Autor principal: Bergant, Katharina
Outros Autores: Fidora, Michael, Schmitz, Martin
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2020.
Colecção:IMF Working Papers; Working Paper ; No. 2020/046
Acesso em linha:Full text available on IMF