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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Bibliografiska uppgifter
Huvudupphovsman: Bergant, Katharina
Övriga upphovsmän: Fidora, Michael, Schmitz, Martin
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2020.
Serie:IMF Working Papers; Working Paper ; No. 2020/046
Länkar:Full text available on IMF