Programy skupu aktywów Europejskiego Banku Centralnego w dobie kryzysu zadłużeniowego w strefie euro

• Authors: Grabowski, Wojciech , Stawasz, Ewa

Title variants

PL

European Central Bank’s asset purchase programs in the age of the debt crisis in the Eurozone

Abstracts

EN

The aim of the article is to analyse the effectiveness of the asset purchase programs implemented by the European Central Bank during the sovereign debt crisis of some euro area countries (i.e. Securities Markets Programme i Outright Monetary Transactions). We examine how those programs translate into changes in sovereign bond yields. With the aid of the Akaike information criterion we conclude that the impact of the Outright Monetary Transactions was more durable.

Keywords

EN

euro area sovereign debt crisis; asset purchase programs; eurozone sovereign debt crisis; AIC; kryzys w strefie euro; programy pomocowe EBC; kryterium informacyjne Akaike

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Ekonomia Międzynarodowa
• Year: 2013
• Volume: 004

Dates

published

2013

Contributors

author

Grabowski, Wojciech

author

Stawasz, Ewa

other

Uniwersytet Łódzki, Katedra Modeli i Prognoz Ekonometrycznych

other

Uniwersytet Łódzki, Katedra Międzynarodowych Stosunków Gospodarczych

Identifiers

URI

http://hdl.handle.net/11089/3117