Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis

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dc.contributor.MentorSturzenegger, Federico
dc.creator.AutorGotsis, Juan Manuel
dc.date.accessioned2024-09-10T15:04:36Z
dc.date.available2024-09-10T15:04:36Z
dc.date.issued2024
dc.descriptionFil: Gotsis, Juan Manuel. Universidad de San Andrés. Departamento de Economía; Argentina.
dc.description.abstractThis paper evaluates the effectiveness of Large-Scale Asset Purchases (LSAPs) implemented by the European Central Bank (ECB) during the Covid crisis in the Euro Area. Using intraday changes in sovereign bond yields and an event-study methodology centered around ECB monetary policy decisions, I assess the impact of LSAPs on long-term sovereign bond yields of seven Euro Area countries. The analysis reveals that LSAPs contributed to reducing risk premia in the Euro Area periphery, mitigating fragmentation, and facilitating the transmission of monetary policy across the region.
dc.formatapplication/pdf
dc.identifier.urihttps://repositorio.udesa.edu.ar/handle/10908/23914
dc.languageeng
dc.publisherUniversidad de San Andrés. Departamento de Economía
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleAssessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis
dc.typeTesis
dc.typeinfo:eu-repo/semantics/masterThesis
dc.typeinfo:ar-repo/semantics/tesis de maestría
dc.typeinfo:eu-repo/semantics/updatedVersion
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