“Whatever it takes” and the role of Eurozone news
| Authors |
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| Publication date | 2018 |
| Journal | Applied Economics Letters |
| Volume | Issue number | 25 | 16 |
| Pages (from-to) | 1166-1169 |
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| Abstract | This letter shows that the ‘Whatever it takes’ speech by ECB President Draghi on 26 July 2012 and the ensuing installation of the Outright Monetary Transactions’ framework are associated with a reduction in the domestic and cross-border effect of Eurozone news on absolute yield changes in Eurozone sovereign debt. These results are consistent with the popular view that these actions helped to avoid a collapse of the Eurozone. |
| Document type | Article |
| Language | English |
| Published at | https://doi.org/10.1080/13504851.2017.1403555 |
| Downloads |
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