Matches in SemOpenAlex for { <https://semopenalex.org/work/W3132576912> ?p ?o ?g. }
Showing items 1 to 87 of
87
with 100 items per page.
- W3132576912 endingPage "102354" @default.
- W3132576912 startingPage "102354" @default.
- W3132576912 abstract "We use bank-level data to examine the behaviour of reserves in the euro area banking system over the course of the ECB QE programme. Previous research on QE has often assumed banks passively absorb the additional reserves generated by asset purchases. However, with a negative deposit rate in place throughout our sample, euro area banks have had a disincentive to hold excess reserves and thus could wish to treat them as a “hot potato” that is preferably passed on to other banks. We find evidence for this hot potato effect, reporting substantial month-to-month churn in bank reserves as well as evidence that banks are pushing reserves off their balance sheets through debt security purchases. As such, this hot potato effect seems likely to have had an effect on European bond yields that is distinct from the portfolio rebalancing effect that has been the primary emphasis of the existing QE literature." @default.
- W3132576912 created "2021-03-01" @default.
- W3132576912 creator A5015502495 @default.
- W3132576912 creator A5079874686 @default.
- W3132576912 date "2021-07-01" @default.
- W3132576912 modified "2023-10-13" @default.
- W3132576912 title "Quantitative easing and the hot potato effect: Evidence from euro area banks" @default.
- W3132576912 cites W1492170463 @default.
- W3132576912 cites W1663622626 @default.
- W3132576912 cites W2140234860 @default.
- W3132576912 cites W2269459950 @default.
- W3132576912 cites W2606596368 @default.
- W3132576912 cites W2907399173 @default.
- W3132576912 cites W3121403157 @default.
- W3132576912 cites W3126045432 @default.
- W3132576912 cites W4214811472 @default.
- W3132576912 doi "https://doi.org/10.1016/j.jimonfin.2021.102354" @default.
- W3132576912 hasPublicationYear "2021" @default.
- W3132576912 type Work @default.
- W3132576912 sameAs 3132576912 @default.
- W3132576912 citedByCount "5" @default.
- W3132576912 countsByYear W31325769122022 @default.
- W3132576912 crossrefType "journal-article" @default.
- W3132576912 hasAuthorship W3132576912A5015502495 @default.
- W3132576912 hasAuthorship W3132576912A5079874686 @default.
- W3132576912 hasBestOaLocation W31325769122 @default.
- W3132576912 hasConcept C10138342 @default.
- W3132576912 hasConcept C120527767 @default.
- W3132576912 hasConcept C126285488 @default.
- W3132576912 hasConcept C162324750 @default.
- W3132576912 hasConcept C175025494 @default.
- W3132576912 hasConcept C183206440 @default.
- W3132576912 hasConcept C185592680 @default.
- W3132576912 hasConcept C198531522 @default.
- W3132576912 hasConcept C2780821815 @default.
- W3132576912 hasConcept C29185160 @default.
- W3132576912 hasConcept C2992735868 @default.
- W3132576912 hasConcept C38652104 @default.
- W3132576912 hasConcept C41008148 @default.
- W3132576912 hasConcept C43617362 @default.
- W3132576912 hasConcept C556758197 @default.
- W3132576912 hasConcept C57031852 @default.
- W3132576912 hasConcept C69738904 @default.
- W3132576912 hasConcept C73283319 @default.
- W3132576912 hasConcept C76178495 @default.
- W3132576912 hasConceptScore W3132576912C10138342 @default.
- W3132576912 hasConceptScore W3132576912C120527767 @default.
- W3132576912 hasConceptScore W3132576912C126285488 @default.
- W3132576912 hasConceptScore W3132576912C162324750 @default.
- W3132576912 hasConceptScore W3132576912C175025494 @default.
- W3132576912 hasConceptScore W3132576912C183206440 @default.
- W3132576912 hasConceptScore W3132576912C185592680 @default.
- W3132576912 hasConceptScore W3132576912C198531522 @default.
- W3132576912 hasConceptScore W3132576912C2780821815 @default.
- W3132576912 hasConceptScore W3132576912C29185160 @default.
- W3132576912 hasConceptScore W3132576912C2992735868 @default.
- W3132576912 hasConceptScore W3132576912C38652104 @default.
- W3132576912 hasConceptScore W3132576912C41008148 @default.
- W3132576912 hasConceptScore W3132576912C43617362 @default.
- W3132576912 hasConceptScore W3132576912C556758197 @default.
- W3132576912 hasConceptScore W3132576912C57031852 @default.
- W3132576912 hasConceptScore W3132576912C69738904 @default.
- W3132576912 hasConceptScore W3132576912C73283319 @default.
- W3132576912 hasConceptScore W3132576912C76178495 @default.
- W3132576912 hasLocation W31325769121 @default.
- W3132576912 hasLocation W31325769122 @default.
- W3132576912 hasLocation W31325769123 @default.
- W3132576912 hasLocation W31325769124 @default.
- W3132576912 hasOpenAccess W3132576912 @default.
- W3132576912 hasPrimaryLocation W31325769121 @default.
- W3132576912 hasRelatedWork W142927929 @default.
- W3132576912 hasRelatedWork W1540860613 @default.
- W3132576912 hasRelatedWork W1594560950 @default.
- W3132576912 hasRelatedWork W2602948130 @default.
- W3132576912 hasRelatedWork W3122195009 @default.
- W3132576912 hasRelatedWork W3123559639 @default.
- W3132576912 hasRelatedWork W3132576912 @default.
- W3132576912 hasRelatedWork W3144162520 @default.
- W3132576912 hasRelatedWork W3183628318 @default.
- W3132576912 hasRelatedWork W46707729 @default.
- W3132576912 hasVolume "115" @default.
- W3132576912 isParatext "false" @default.
- W3132576912 isRetracted "false" @default.
- W3132576912 magId "3132576912" @default.
- W3132576912 workType "article" @default.