| 书目名称 | Covered Bonds under Unconventional Monetary Policy |
| 编辑 | Holger Markmann |
| 视频video | |
| 概述 | First comprehensive Analysis of the European Central Bank’s Covered Bond Purchase Programmes since 2009 |
| 丛书名称 | Essays in Real Estate Research |
| 图书封面 |  |
| 描述 | .Holger Markmann studies covered bonds and their market behaviour upon the announcement and implementation of outright covered bond purchases by the eurosystem. After introducing the covered bond market, its reaction to the global financial crisis, and the functionality of unconventional monetary policy to a broad audience, the author analyzes the impact of these purchases. The first Covered Bond Purchase Programme (CBPP1) has lowered covered bond spreads by 3-4 basis points in the short-term, 10 basis points in the medium-term, and increased emission volumes by € 103 billion. CBPP2 and CBPP3 have not led to similar effects. However, the programs’ effectiveness relies on the market’s expectations and its prevalent health..About the Author. .Holger Markmann. is PostDoc at the Real Estate Management Institute (REMI) of EBS Universität für Wirtschaft und Recht and Managing Director of a real estate investment firm. His research focuses on real estate capital market financing, bank funding, and unconventional monetary policy. Prior to his current roles, he worked for a bulge bracket investment bank, advising financial institutions on their M&A- and capital market activities.. |
| 出版日期 | Book 2018 |
| 关键词 | Covered Bond; Covered Bond Purchase Programme; Unconventional Monetary Policy; European Central Bank; Eu |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-658-20975-9 |
| isbn_softcover | 978-3-658-21522-4 |
| isbn_ebook | 978-3-658-20975-9Series ISSN 2570-2246 Series E-ISSN 2570-2254 |
| issn_series | 2570-2246 |
| copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Fachmedien Wies |
发表于 2025-3-21 16:27:15
