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Publication

TARGET (im-)balances at record level: Should we worry?

01.11.2017

We take stock of the current evidence on fragmentation in financial markets in the  euro area and discuss policy options to facilitate further inte
Publication

Fiscal implications of the ECB´s Public Sector Purchase Programme (PSPP)

29.06.2018
Publication

ECB interventions in distressed sovereign debt markets: The case of Greek bonds

02.02.2018

We study central bank interventions in times of severe distress (mid-2010), using a unique bond-level dataset of ECB purchases of Greek sovereign debt. ECB bond buying had a large impact on the price of short and medium maturity bonds, resulting in a...
Publication

ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds

01.06.2018

We study central bank interventions in times of severe distress (mid-2010), using a unique bond-level dataset of ECB purchases of Greek sovereign debt.