Quantitative Easing and Credit Rating Agencies /

This paper investigates the behaviour of credit rating agencies using a natural experiment in monetary policy. We exploit the corporate QE of the Eurosystem and its rating-based specific design which generates exogenous variation in the probability for a bond of becoming eligible for outright purcha...

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Bibliografiska uppgifter
Huvudupphovsman: Abidi, Nordine
Övriga upphovsmän: Falagiarda, Matteo, Miquel-Flores, Ixart.
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2022.
Serie:IMF Working Papers; Working Paper ; No. 2022/113
Ämnen:
Länkar:Full text available on IMF