The CSPP at work: Yield heterogeneity and the portfolio rebalancing channel
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2018.12.004
Abstract: We assess the impact of the corporate sector purchase programme (CSPP), the corporate arm of the ECB’s quantitative easing policy, in its first year of activity (June 2016 – May 2017). Focusing on the primary… read more here.
Keywords: cspp work; rebalancing channel; portfolio rebalancing; work yield ... See more keywords