Bookcover of Haircuts as non-standard monetary tool
Booktitle:

Haircuts as non-standard monetary tool

Bond yield reaction analysis to the changes of repo eligibility criteria by the European Central Bank

AV Akademikerverlag (2014-12-09 )

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ISBN-13:

978-3-639-72887-3

ISBN-10:
3639728874
EAN:
9783639728873
Book language:
English
Blurb/Shorttext:
This work seeks to describe the reaction in the European bond market to changes in eligibility criteria for the repo operations conducted by the European Central Bank. Results show that bond yields and eligibility criteria for the ECB refinancing operations are correlated, but that bond yields did not increase whenever criteria became more restrictive and vice versa. Possible explanations involve the role of investors expectations, opportunity costs and the shadow cost of capital.
Publishing house:
AV Akademikerverlag
Website:
http://www.akademikerverlag.de/
By (author) :
Ivan Bottinelli
Number of pages:
72
Published on:
2014-12-09
Stock:
Available
Category:
Money, Bank, Stock exchange
Price:
39.90 €
Keywords:
Haircuts, monetary policy, central bank

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