Italian and Spanish sovereign bond yields respond to ECB policy – researcher
Central Bank of Ireland letter says response to ECB announcements impaired during crisis
The response of Irish and Spanish sovereign debt yields to the European Central Bank’s monetary policy announcements was strongly affected by the eurozone’s financial crisis, an economic letter published by the Central Bank of Ireland finds.
In The Effect of ECB Policy Announcements on Sovereign Yields: A Return to Normal Transmission?, Robert Goodhead looks at movements in forward contracts for debt issued by the governments of the eurozone’s four largest economies.
The author examines how
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