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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| Další autoři: | , |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2022.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2022/113 |
| Témata: | |
| On-line přístup: | Full text available on IMF |