Lending effects of the ECB’s asset purchases
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DOI: 10.1016/j.jmoneco.2019.08.019
Abstract: Abstract Between 2010 and 2012, the European Central Bank absorbed €218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Detailed security holdings data at the bank level affirms… read more here.
Keywords: ecb asset; effects ecb; asset purchases; lending effects ... See more keywords