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

Fil: Gotsis, Juan Manuel. Universidad de San Andrés. Departamento de Economía; Argentina.

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Autor principal: Gotsis, Juan Manuel
Otros Autores: Sturzenegger, Federico
Formato: Tesis Tesis de maestría updatedVersion
Lenguaje:Inglés
Publicado: Universidad de San Andrés. Departamento de Economía 2024
Acceso en línea:https://repositorio.udesa.edu.ar/handle/10908/23914
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Repositorio Digital - Universidad de San Andrés (UdeSa) de Universidad de San Andrés
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spelling I37-R143-10908-239142025-01-20T15:21:19Z Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis Gotsis, Juan Manuel Sturzenegger, Federico Fil: Gotsis, Juan Manuel. Universidad de San Andrés. Departamento de Economía; Argentina. This 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. 2024-09-10T15:04:36Z 2024-09-10T15:04:36Z 2024 Tesis info:eu-repo/semantics/masterThesis info:ar-repo/semantics/tesis de maestría info:eu-repo/semantics/updatedVersion Gotsis, J. M. (2024). Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis. [Tesis de maestría, Universidad de San Andrés. Departamento de Economía]. Repositorio Digital San Andrés. https://repositorio.udesa.edu.ar/handle/10908/23914 https://repositorio.udesa.edu.ar/handle/10908/23914 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía
institution Universidad de San Andrés
institution_str I-37
repository_str R-143
collection Repositorio Digital - Universidad de San Andrés (UdeSa)
language Inglés
description Fil: Gotsis, Juan Manuel. Universidad de San Andrés. Departamento de Economía; Argentina.
author2 Sturzenegger, Federico
author_facet Sturzenegger, Federico
Gotsis, Juan Manuel
format Tesis
Tesis de maestría
Tesis de maestría
updatedVersion
author Gotsis, Juan Manuel
spellingShingle Gotsis, Juan Manuel
Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis
author_sort Gotsis, Juan Manuel
title Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis
title_short Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis
title_full Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis
title_fullStr Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis
title_full_unstemmed Assessing the Effectiveness of ECB’s LSAPs in Mitigating Euro Area Fragmentation: Evidence from the Covid Crisis
title_sort assessing the effectiveness of ecb’s lsaps in mitigating euro area fragmentation: evidence from the covid crisis
publisher Universidad de San Andrés. Departamento de Economía
publishDate 2024
url https://repositorio.udesa.edu.ar/handle/10908/23914
work_keys_str_mv AT gotsisjuanmanuel assessingtheeffectivenessofecbslsapsinmitigatingeuroareafragmentationevidencefromthecovidcrisis
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