ECB’s QE policies have significant spillovers into CESEE economies, paper argues
Researchers examine short- and long-term effects
The effects of quantitative easing by the European Central Bank have loosened the financial conditions in Central, Eastern and South-Eastern European (CESEE) economies, an occasional paper published by the Bank of Italy argues.
In Spillovers of the ECB's non-standard monetary policy into CESEE economies, Alessio Ciarlone and Andrea Colabella examine both the short- and long-term effects of ECB policy on the region.
In the short term, the authors say, nominal exchange rates, long-term sovereign
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