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Contribution Details
| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | The effects of quantative easing on corporate bonds in Europe |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 36 |
| Date | 2022 |
| Abstract Text | The effects of the Corporate Sector Purchase Programme, a quantitative easing measure introduced by the European Central Bank in 2016, is investigated in this paper. A difference in differences approach is used to estimate the effect on eligible bond yields and bid-ask spreads. A decrease in yields and a mixed effect on bid-ask spreads of eligible bonds are observed. However, these findings are not robust to alternative measures of estimation and hence cannot conclusively confirm the findings of previous academic literature. |
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