Sökning: "bond purchase programme"

Hittade 5 uppsatser innehållade orden bond purchase programme.

1. 1. PEPP Talk: The Impact of the ECB's Pandemic Emergency Purchase Programme on the Corporate Bond Market

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Lorenzo Gianni Günther; Emma Lundblad; [2022]
   Nyckelord :Quantitative Easing; The European Central Bank; The Pandemic Emergency Purchase Programme; Corporate Bonds; Covid-19; Credit Spread; Business and Economics;

   Sammanfattning : Purpose: This thesis aims to evaluate whether the ECB’s Pandemic Emergency Purchase Programme (PEPP) cushioned the Covid-19 crisis’ impact on the Euro area’s corporate bond market and relieved borrowing conditions. Methodology: The methodology is based upon unbalanced panel data and difference-in-differences regressions with firm-clustered standard errors. LÄS MER

3. 2. The Determinants of Corporate Bond Underpricing in Times of Quantitative Easing - an Analysis of the European Investment Grade Bond Market

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Jonas Schenke; [2020]
   Nyckelord :Corporate Bonds; Corporate Sector Purchase Programme CSPP ; European Central Bank ECB ; Quantitative Easing; Underpricing;

   Sammanfattning : This study examines the determinants of bond underpricing in the EUR corporate investment grade space. Moreover, it assesses whether the European Central Bank (ECB), through its quantitative easing, has caused a structural change in bond underpricing. LÄS MER

4. 3. Signaling Green - The Effects of the ECB’s Asset Purchase Programme on the Green Bond Market

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Kevin Malte Stukenborg; Lukas Olin; [2020]
   Nyckelord :Green Bonds; Fixed Income Securities; ECB Asset Purchase Programme; Instrumental Variable; Signaling; Business and Economics;

   Sammanfattning : Purpose: The purpose of this study is to investigate whether the ECB’s Asset Purchase Programme has affected the yield spread of eligible green bonds. One further aim is to investigate if the partial effect of bond liquidity on the yield spread among these green bonds is associated with their eligibility for purchase by the ECB Asset Purchase Programme. LÄS MER

5. 4. Whatever it takes: ECB’s Mandate of Purchasing Government Bonds on Secondary Markets

   Kandidat-uppsats, Lunds universitet/Juridiska institutionen; Lunds universitet/Juridiska fakulteten

   Författare :Christopher Andersson; [2018]
   Nyckelord :European central bank; Quantitative easing; European Union; EU-law; PSPP; OMT; Monetary financing; Monetary policy; Law and Political Science;

   Sammanfattning : When the European debt crisis struck the eurozone in late 2009, the European Central Bank (ECB) played a vital role to mitigate the economic situation. In 2012, the ECB announced the introduction of Outright Monetary Transactions (OMT), a government bond buying programme. LÄS MER

7. 5. The Effect of Monetary Policy on the European Corporate Bond Market - Evidence from the yield and credit spread curve term structure

   C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Ida Marta Metsis; Laura Lindberg; [2017]
   Nyckelord :Monetary policy; Corporate bonds; Interest rate; Quantitative easing; Yield curve;

   Sammanfattning : This paper examines the effect of monetary policy mechanisms used by the European Central Bank on the euro-denominated corporate bond market. The focus of the paper is to analyse the impact of the central bank set interest rate for main refinancing operations (MRO) and two of the recent quantitative easing programmes - Public Sector Purchase Programme and Corporate Sector Purchase Programme - on the entire corporate yield curve. LÄS MER