New publication: Sovereign Bond Purchases and Risk-Sharing Arrangements – Implications for Monetary Policy

Insufficient liquidity in the bond markets could reduce the impact of the euro area Quantitative Easing (QE) programme and lead to market volatility. The principle of partial risk sharing in the QE programme design could also undermine the unity of the euro area. In the first months of the roll-out of QE these risks have proved manageable.

Read the latest CASE Network Studies and Analysis by Monika Blaszkiewicz: Sovereign Bond Purchases and Risk-Sharing Arrangements – Implications for Monetary Policy