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La política del BCE y su incidencia en la crisis de deuda soberana: Los casos de España e Italia
| Content Provider | Semantic Scholar |
|---|---|
| Author | Borrallo, Fructuoso |
| Copyright Year | 2015 |
| Abstract | In this work we study the different tools employed by the European Central Bank in order to solve the sovereign debt crisis in Spain and Italy. We analyze the impact of the ECB announcements, the impact of the LTRO, the SMP and of the OMT on sovereign risk premia, concluding that only when the ECB decided to act as a last lender resort, through the OMT, achieved to restore stability in the debt markets, and the effects of unconventional monetary policy announcements debt-purchases related were effective as well in reducing the spread. |
| Starting Page | 53 |
| Ending Page | 53 |
| Page Count | 1 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=EEP2015&paper_id=113 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |