Researchers find ‘strong evidence’ of ECB policy spillovers to CEE countries
Working paper examines spillover effects of ECB’s ‘non-standard’ measures since 2007
There is "strong evidence" of spillover effects from the European Central Bank's (ECB's) easing measures in the wake of the global financial crisis to Central and Eastern European countries, particularly on sovereign bond yields, finds a working paper it published this month.
In Spillovers from the ECB's non-standard monetary policies on non-euro area EU countries: evidence from an event-study analysis, Matteo Falagiarda, Peter McQuade and Marcel Tirpák investigate spillovers to the Czech
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