Essays about: "Central Bank Purchasing Program"

Found 4 essays containing the words Central Bank Purchasing Program.

  1. 1. Unreal Investments : How cheap credit is used when rates are already low, and opportunities for financial investments are present.

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Joel Myles; [2022]
    Keywords : Unreal Investments; Real Investments; Financial Investments; Buybacks; Buy-Backs; Central Bank Purchasing Program; Corporate Bonds; Cheap Credit; Covid Recession; Covid19 Recession; Secular Stagnation;

    Abstract : This study explores the possibility that cheep credit, provided to firms when profit opportunities on real investments are low, and when opportunities of financial investments are present, will loose some of it’s stimulus effect due to a crowding out effect of financial investments on real investments. Analyzing the changes in debt, and it’s channels of use during the recession of the covid19 pandemic, between firms with a history of stock buybacks, and firms without such a history, the study finds a significantly higher increase in debt for firms with a history of doing stock buybacks. READ MORE

  3. 2. Quantitative Easing and Bubble Formation in Real-Estate : A study of the relationship between novel monetary policies and speculative bubbles in the Swedish real-estate market

    University essay from Linköpings universitet/Nationalekonomi; Linköpings universitet/Filosofiska fakulteten

    Author : Axel Öhlund; Anna Domnina; [2021]
    Keywords : Large-scale asset purchasing program; Quantitative easing; Vector Autoregression; Riksbanken; Housing Bubble; Speculative Bubbles; Unconventional Monetary Policy;

    Abstract : This thesis aims to study how much of price appreciations on the Swedish real-estate market in recent times have been fundamentally warranted, as well as if the unconventional monetary policies implemented by the Swedish central bank have had any interaction with these price escalations. The methodology employed to research this is divided into two parts. READ MORE

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

    University essay from Lunds universitet/Juridiska institutionen; Lunds universitet/Juridiska fakulteten

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

    Abstract : 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. READ MORE

  5. 4. The visible hand of the central bank: Evidence from the ECB's Corporate Sector Purchase Program

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Hampus Persson; Nina Lundén; [2016]
    Keywords : Central bank supply shocks; unconventional monetary policy; asset purchase programs; corporate credit spreads;

    Abstract : On March 10, 2016 the ECB surprised financial markets by announcing the latest measure taken under its unconventional asset purchase programs, the CSPP. Through this program the ECB is purchasing corporate bonds and aims to support bond valuations through supply shocks. READ MORE