Haircuts as non-standard monetary tool

Haircuts as non-standard monetary tool


Marketed By :  AV Akademikerverlag   Sold By :  Kamal Books International  
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  • Product Description

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.

Product Specifications
SKU :COC58705
Country of ManufactureIndia
Product BrandAV Akademikerverlag
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-08-05
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